Fund Overview
Fund Size
₹64,398 Cr
Expense Ratio
0.20%
ISIN
INF179KB1HP9
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
HDFC Liquid Fund Direct Growth is a Liquid mutual fund schemes offered by HDFC Mutual Fund. This fund has been in existence for 12 years, 5 months and 18 days, having been launched on 01-Jan-13.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹5168.94, Assets Under Management (AUM) of 64397.69 Crores, and an expense ratio of 0.2%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹5168.94, Assets Under Management (AUM) of 64397.69 Crores, and an expense ratio of 0.2%.
- HDFC Liquid Fund Direct Growth has given a CAGR return of 6.84% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.71% in cash & cash equivalents.
- You can start investing in HDFC Liquid Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.28%
+7.26% (Cat Avg.)
3 Years
+7.00%
+6.85% (Cat Avg.)
5 Years
+5.55%
+5.49% (Cat Avg.)
10 Years
+6.28%
+5.50% (Cat Avg.)
Since Inception
+6.84%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Others | ₹64,397.69 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 91 Days Treasury Bill 26-Jun-2025 | Bond - Gov't/Treasury | ₹5,672.86 Cr | 8.81% |
| Net Current Assets | Cash | ₹-4,961.95 Cr | 7.71% |
| NTPC Ltd. | Cash - Commercial Paper | ₹3,476.25 Cr | 5.40% |
| 91 Days Tbill Red 19-06-2025 | Bond - Gov't/Treasury | ₹3,096.14 Cr | 4.81% |
| Power Finance Corp Ltd. | Cash - Commercial Paper | ₹2,988.58 Cr | 4.64% |
| Reliance Jio Infocomm Ltd. | Cash - Commercial Paper | ₹2,491.66 Cr | 3.87% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹2,267.57 Cr | 3.52% |
| Reverse Repo | Cash - Repurchase Agreement | ₹2,127.99 Cr | 3.30% |
| Bank of Baroda | Bond - Corporate Bond | ₹1,992.45 Cr | 3.09% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹1,948.08 Cr | 3.03% |
| Small Industries Development Bank of India | Cash - Commercial Paper | ₹1,921.32 Cr | 2.98% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹1,668.67 Cr | 2.59% |
| 5.22% Govt Stock 2025 | Bond - Gov't/Treasury | ₹1,504.72 Cr | 2.34% |
| Reliance Retail Ventures Limited | Cash - Commercial Paper | ₹1,494.24 Cr | 2.32% |
| IDBI Bank Ltd | Bond - Gov't Agency Debt | ₹1,494.2 Cr | 2.32% |
| Power Finance Corp Ltd. | Cash - Commercial Paper | ₹1,488.72 Cr | 2.31% |
| Bharti Telecom Ltd. | Cash - Commercial Paper | ₹1,183.56 Cr | 1.84% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹1,158.11 Cr | 1.80% |
| India (Republic of) | Bond - Short-term Government Bills | ₹1,010.02 Cr | 1.57% |
| Rbl Bank Limited | Cash - CD/Time Deposit | ₹998.41 Cr | 1.55% |
| Bank of India Ltd. | Bond - Corporate Bond | ₹995.68 Cr | 1.55% |
| Small Industries Development Bank of India | Cash - Commercial Paper | ₹993.53 Cr | 1.54% |
| L&T Finance Ltd. | Cash - Commercial Paper | ₹990.64 Cr | 1.54% |
| 91 Days Tbill Red 21-08-2025 | Bond - Gov't/Treasury | ₹987.73 Cr | 1.53% |
| Tata Motors Finance Ltd. | Cash - Commercial Paper | ₹893.78 Cr | 1.39% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹854.65 Cr | 1.33% |
| Aditya Birla Capital Limited | Cash - Commercial Paper | ₹792.48 Cr | 1.23% |
| IDFC First Bank Ltd. | Bond - Corporate Bond | ₹746.97 Cr | 1.16% |
| National Bank for Agriculture and Rural Development | Cash - Commercial Paper | ₹744.88 Cr | 1.16% |
| Tata Steel Ltd. | Cash - Commercial Paper | ₹743.54 Cr | 1.15% |
| Mangalore Refinery And Petrochemicals Limited | Cash - Commercial Paper | ₹743.21 Cr | 1.15% |
| L&T Finance Ltd. | Cash - Commercial Paper | ₹739.84 Cr | 1.15% |
| Icici Securities Limited | Cash - Commercial Paper | ₹739.71 Cr | 1.15% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹710.02 Cr | 1.10% |
| Small Industries Development Bank of India | Cash - Commercial Paper | ₹696.3 Cr | 1.08% |
| Tata Communications LTD | Cash - Commercial Paper | ₹690.35 Cr | 1.07% |
| Nuvoco Vistas Corporation Limited | Cash - Commercial Paper | ₹591.81 Cr | 0.92% |
| Sikka Ports And Terminals Limited** | Cash - Commercial Paper | ₹499.04 Cr | 0.77% |
| Indian Oil Corp Ltd. | Cash - Commercial Paper | ₹498.7 Cr | 0.77% |
| Bajaj Housing Finance Ltd. | Cash - Commercial Paper | ₹498.32 Cr | 0.77% |
| IDFC First Bank Ltd. | Bond - Corporate Bond | ₹497.9 Cr | 0.77% |
| IDFC First Bank Ltd. | Bond - Corporate Bond | ₹497.81 Cr | 0.77% |
| Aditya Birla Capital Ltd. | Cash - Commercial Paper | ₹497.81 Cr | 0.77% |
| 182 DTB 24072025 | Bond - Gov't/Treasury | ₹495.96 Cr | 0.77% |
| UCO Bank | Bond - Gov't Agency Debt | ₹493.17 Cr | 0.77% |
| Jio Finance Ltd. | Cash - Commercial Paper | ₹492.91 Cr | 0.77% |
| Icici Securities Limited | Cash - Commercial Paper | ₹492.27 Cr | 0.76% |
| Icici Securities Limited | Cash - Commercial Paper | ₹492.19 Cr | 0.76% |
| IIFL Finance Ltd. | Cash - Commercial Paper | ₹490.01 Cr | 0.76% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹475.6 Cr | 0.74% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹450.26 Cr | 0.70% |
| Reliance Jio Infocomm Ltd. | Cash - Commercial Paper | ₹398.74 Cr | 0.62% |
| Aditya Birla Capital Ltd. | Cash - Commercial Paper | ₹398.32 Cr | 0.62% |
| Ongc Petro Additions Limited | Cash - Commercial Paper | ₹394.6 Cr | 0.61% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹355.44 Cr | 0.55% |
| Tata Teleservices Ltd | Cash - Commercial Paper | ₹345.41 Cr | 0.54% |
| Icici Securities Limited | Cash - Commercial Paper | ₹344.77 Cr | 0.54% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹334.48 Cr | 0.52% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹297.13 Cr | 0.46% |
| Axis Securities Limited | Cash - Commercial Paper | ₹297.12 Cr | 0.46% |
| IIFL Capital Services Ltd. | Cash - Commercial Paper | ₹293.97 Cr | 0.46% |
| Mahindra & Mahindra Financial Services Ltd | Bond - Corporate Bond | ₹290.07 Cr | 0.45% |
| Reliance Industries Ltd. | Cash - Commercial Paper | ₹249.04 Cr | 0.39% |
| Bajaj Housing Finance Ltd. | Cash - Commercial Paper | ₹248.98 Cr | 0.39% |
| National Bank for Agriculture and Rural Development | Cash - Commercial Paper | ₹248.12 Cr | 0.39% |
| Aditya Birla Capital Ltd. | Cash - Commercial Paper | ₹247.47 Cr | 0.38% |
| Poonawalla Fincorp Ltd | Cash - Commercial Paper | ₹246.42 Cr | 0.38% |
| Poonawalla Fincorp Ltd. | Cash - Commercial Paper | ₹246.11 Cr | 0.38% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹225.08 Cr | 0.35% |
| Infina Finance Pvt Ltd. | Cash - Commercial Paper | ₹223.45 Cr | 0.35% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹220.18 Cr | 0.34% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹205 Cr | 0.32% |
| SBICAP Securities Ltd | Cash - Commercial Paper | ₹199.14 Cr | 0.31% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹199.03 Cr | 0.31% |
| Corporate Debt Market Development Fund | Mutual Fund - Open End | ₹185.4 Cr | 0.29% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹160.01 Cr | 0.25% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹149.74 Cr | 0.23% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹135.15 Cr | 0.21% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹99.95 Cr | 0.16% |
| Igh Holdings Private Limited | Cash - Commercial Paper | ₹99.59 Cr | 0.15% |
| Aditya Birla Money Ltd. | Cash - Commercial Paper | ₹98.69 Cr | 0.15% |
| Aditya Birla Money Ltd. | Cash - Commercial Paper | ₹98.67 Cr | 0.15% |
| CNH Industrial Capital (India) Pvt Ltd. | Cash - Commercial Paper | ₹98.62 Cr | 0.15% |
| SBICAP Securities Ltd | Cash - Commercial Paper | ₹98.59 Cr | 0.15% |
| Aditya Birla Money Ltd. | Cash - Commercial Paper | ₹98.56 Cr | 0.15% |
| Hsbc Investdirect Financial Services (I)Ltd | Cash - Commercial Paper | ₹98.48 Cr | 0.15% |
| Mahindra Rural Housing Finance Limited | Bond - Corporate Bond | ₹90.07 Cr | 0.14% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹74.97 Cr | 0.12% |
| Godrej Industries Ltd. | Cash - Commercial Paper | ₹74.01 Cr | 0.11% |
| Godrej Industries Ltd. | Cash - Commercial Paper | ₹73.99 Cr | 0.11% |
| Godrej Industries Ltd. | Cash - Commercial Paper | ₹73.97 Cr | 0.11% |
| Indian Bank (10/06/2025) | Cash - CD/Time Deposit | ₹59.91 Cr | 0.09% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹50.04 Cr | 0.08% |
| L&T Finance Limited | Bond - Corporate Bond | ₹50.03 Cr | 0.08% |
| Export-Import Bank of India | Cash - Commercial Paper | ₹49.91 Cr | 0.08% |
| Standard Chartered Capital Limited | Cash - Commercial Paper | ₹49.85 Cr | 0.08% |
| Axis Securities Limited | Cash - Commercial Paper | ₹49.51 Cr | 0.08% |
| Treps - Tri-Party Repo | Cash - Repurchase Agreement | ₹46.29 Cr | 0.07% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹35.1 Cr | 0.05% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹25.03 Cr | 0.04% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.01 Cr | 0.04% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹24.95 Cr | 0.04% |
| 182 DTB 19062025 | Bond - Gov't/Treasury | ₹24.93 Cr | 0.04% |
| Bajaj Financial Securities Limited | Cash - Commercial Paper | ₹24.9 Cr | 0.04% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹12 Cr | 0.02% |
| ICICI Securities Limited** | Cash - Commercial Paper | ₹4.99 Cr | 0.01% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - Commercial Paper | ₹34,435.73 Cr | 53.47% |
| Bond - Gov't/Treasury | ₹11,782.33 Cr | 18.30% |
| Bond - Corporate Bond | ₹10,357.63 Cr | 16.08% |
| Bond - Gov't Agency Debt | ₹7,871.7 Cr | 12.22% |
| Cash | ₹-4,961.95 Cr | 7.71% |
| Cash - Repurchase Agreement | ₹2,174.28 Cr | 3.38% |
| Cash - CD/Time Deposit | ₹1,542.54 Cr | 2.40% |
| Bond - Short-term Government Bills | ₹1,010.02 Cr | 1.57% |
| Mutual Fund - Open End | ₹185.4 Cr | 0.29% |
| Bond - Short-term Corporate Bills | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.23%
Cat. avg.
0.45%
Lower the better
Sharpe Ratio
This fund
1.95
Cat. avg.
-1.09
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
4.23
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st May 2025
ISIN | INF179KB1HP9 | Expense Ratio | 0.20% | Exit Load | No Charges | Fund Size | ₹64,398 Cr | Age | 12 years 5 months | Lumpsum Minimum | ₹100 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Liquid Debt TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Liquid Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Unifi Liquid Fund Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Unifi Liquid Fund Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Angel One Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.3% | - | ₹120.12 Cr | - |
| ICICI Prudential BSE Liquid Rate ETF - Growth Low Risk | 0.3% | - | ₹59.53 Cr | - |
| HDFC Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.5% | - | ₹27.99 Cr | 5.3% |
| Mirae Asset Nifty 1D Rate Liquid ETF Low Risk | 0.1% | - | ₹277.02 Cr | - |
| Shriram Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹177.17 Cr | - |
| Shriram Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹177.17 Cr | - |
| Groww Nifty 1D Rate Liquid ETF Low Risk | 0.3% | - | ₹80.00 Cr | - |
| Bajaj Finserv Nifty 1D Rate Liquid ETF Low Risk | 0.2% | - | ₹846.26 Cr | 3.5% |
About the AMC
Total AUM
₹7,64,557 Cr
Address
“HUL House”, 2nd Floor, Mumbai, 400 020
Other Funds by HDFC Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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What is the current NAV of HDFC Liquid Fund Direct Growth?
The NAV of HDFC Liquid Fund Direct Growth, as of 18-Jun-2025, is ₹5168.94.
What are the returns of HDFC Liquid Fund Direct Growth?
The fund has generated 7.28% over the last 1 year and 7.00% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of HDFC Liquid Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 99.71% in cash and cash equivalents.
Who manages the HDFC Liquid Fund Direct Growth?
The fund managers responsible for HDFC Liquid Fund Direct Growth are:-
- Anupam Joshi
- Swapnil Jangam
- Dhruv Muchhal
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.