Best Liquid Funds (by 1-Year Return)
Updated September 2026 · 20 active funds · data from AMFI NAVs
Liquid funds invest in debt maturing within 91 days and are used to park money for days to months, not to chase returns. Ranked here by 1-year return from AMFI NAVs - but for this category, differences are small and safety, expense ratio and same-day/next-day redemption matter more than topping a return table. Liquid funds are taxed at your slab rate. Not a recommendation.
| # | Scheme | 1Y | 3Y | 5Y | Sharpe | Max DD | TER | AUM |
|---|---|---|---|---|---|---|---|---|
| 1 | Nippon India Liquid Fund - Retail Nippon India | +6.62% | +6.49% | +5.79% | - | -0.1% | 0.21% | ₹13 Cr |
| 2 | Axis Liquid Fund Axis | +6.60% | +7.00% | +6.41% | - | -0.0% | 0.13% | ₹42.9K Cr |
| 3 | Sundaram Liquid Fund (Formerly Known as Principal Cash Management Fund) Sundaram | +6.59% | +6.99% | - | - | -0.0% | 0.15% | ₹6.5K Cr |
| 4 | JioBlackRock Liquid Fund Jio BlackRock | +6.58% | - | - | - | -0.0% | 0.12% | ₹8.3K Cr |
| 5 | Aditya Birla Sun Life Liquid Fund Aditya Birla Sun Life | +6.57% | +7.00% | +6.43% | - | -0.0% | - | ₹57.2K Cr |
| 6 | Nippon India Liquid Fund Nippon India | +6.57% | +6.98% | +6.39% | - | -0.1% | 0.21% | ₹31.7K Cr |
| 7 | Mahindra Manulife Liquid Fund Mahindra Manulife | +6.57% | +6.98% | +6.41% | - | -0.0% | 0.15% | ₹1.2K Cr |
| 8 | Franklin India Liquid Fund - Super Institutional Franklin Templeton | +6.56% | +6.99% | +6.38% | - | -0.0% | 0.14% | ₹3.5K Cr |
| 9 | DSP Liquidity Fund DSP | +6.56% | +6.98% | +6.38% | - | -0.0% | 0.13% | ₹22.4K Cr |
| 10 | BANK OF INDIA Liquid Fund Bank of India | +6.54% | +6.96% | +6.40% | - | -0.0% | 0.09% | ₹1.7K Cr |
| 11 | Edelweiss Liquid Fund Edelweiss | +6.54% | +7.00% | +6.40% | - | -0.1% | 0.10% | ₹10.4K Cr |
| 12 | PGIM India Liquid Fund PGIM India | +6.53% | +6.98% | +6.40% | - | -0.0% | 0.14% | ₹589 Cr |
| 13 | Union Liquid Fund Union | +6.53% | +6.96% | +6.39% | - | -0.0% | 0.08% | ₹7.2K Cr |
| 14 | Groww Liquid Fund ( formerly known as Indiabulls Liquid )Fund Groww | +6.52% | +6.97% | +6.28% | - | -0.0% | - | ₹146 Cr |
| 15 | Bajaj Finserv Liquid Fund Bajaj Finserv | +6.52% | +6.96% | - | - | -0.0% | 0.08% | ₹5.0K Cr |
| 16 | Invesco India Liquid Fund Invesco | +6.52% | +6.94% | +6.35% | - | -0.0% | 0.16% | ₹16.2K Cr |
| 17 | Tata Liquid Fund Tata | +6.52% | +6.96% | +6.37% | - | -0.1% | 0.23% | ₹28.8K Cr |
| 18 | Kotak Liquid Fund Kotak Mahindra | +6.51% | +6.94% | +6.36% | - | -0.0% | - | ₹39.7K Cr |
| 19 | BANDHAN LIQUID Fund Bandhan | +6.50% | +6.93% | +6.36% | - | -0.0% | 0.08% | ₹17.1K Cr |
| 20 | CANARA ROBECO LIQUID FUND Canara Robeco | +6.50% | +6.95% | +6.37% | - | -0.0% | 0.08% | ₹6.3K Cr |
Ranked by 1-Year Return (highest first), on funds with that metric available. Returns, Sharpe, drawdown and TER are computed independently from AMFI NAVs - see methodology. No paid placement.