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Parag Parikh Liquid Fund Direct Growth
Capital PreservationLiquidLow to Moderate Risk
Direct
NAV (18-Dec-25)
₹1497.980.02%1D
Returns (Since Inception)
5.46%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹5,075 Cr
Expense Ratio
0.10%
ISIN
INF879O01068
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
11 May 2018
About this fund
Parag Parikh Liquid Fund Direct Growth is a Liquid mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 7 years, 7 months and 8 days, having been launched on 11-May-18.
As of 18-Dec-25, it has a Net Asset Value (NAV) of ₹1497.98, Assets Under Management (AUM) of 5075.30 Crores, and an expense ratio of 0.1%.
As of 18-Dec-25, it has a Net Asset Value (NAV) of ₹1497.98, Assets Under Management (AUM) of 5075.30 Crores, and an expense ratio of 0.1%.
- Parag Parikh Liquid Fund Direct Growth has given a CAGR return of 5.46% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.80% in cash & cash equivalents.
- You can start investing in Parag Parikh Liquid Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
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
+6.37%
+5.91% (Cat Avg.)
3 Years
+6.70%
+6.43% (Cat Avg.)
5 Years
+5.55%
+5.31% (Cat Avg.)
Since Inception
+5.46%
— (Cat Avg.)
Portfolio Summaryas of 15th December 2025
| Others | ₹5,075.3 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| T-Bill | Bond - Gov't/Treasury | ₹322.58 Cr | 6.27% |
| Treasury Bill | Bond - Gov't/Treasury | ₹222.67 Cr | 4.33% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹222.32 Cr | 4.32% |
| Punjab National Bank (09/03/2026) | Cash | ₹221.94 Cr | 4.31% |
| Bank of Baroda | Bond - Corporate Bond | ₹197.72 Cr | 3.84% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹148.36 Cr | 2.88% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹125 Cr | 2.43% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹123.68 Cr | 2.40% |
| Canara Bank | Bond - Gov't Agency Debt | ₹123.49 Cr | 2.40% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹99.98 Cr | 1.94% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹99.97 Cr | 1.94% |
| Indian Oil Corporation Limited | Cash - Commercial Paper | ₹99.95 Cr | 1.94% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹99.91 Cr | 1.94% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹99.89 Cr | 1.94% |
| Canara Bank | Cash - CD/Time Deposit | ₹99.85 Cr | 1.94% |
| Indian Bank | Cash - CD/Time Deposit | ₹99.16 Cr | 1.93% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹99.12 Cr | 1.93% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹99.08 Cr | 1.93% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹99.05 Cr | 1.93% |
| 364 Days Tbill Mat 200226 | Bond - Gov't/Treasury | ₹99.05 Cr | 1.93% |
| Indian Bank | Cash - Commercial Paper | ₹99.01 Cr | 1.92% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹98.96 Cr | 1.92% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹98.92 Cr | 1.92% |
| Small Industries Dev Bank Of India | Cash - Commercial Paper | ₹98.83 Cr | 1.92% |
| National Bank For Agriculture & Rural Development** | Cash - CD/Time Deposit | ₹98.57 Cr | 1.92% |
| Rep14_151225 | Cash - Repurchase Agreement | ₹96.76 Cr | 1.88% |
| India (Republic of) | Bond - Short-term Government Bills | ₹74.98 Cr | 1.46% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹74.97 Cr | 1.46% |
| 364 Days Tbill Red 05-02-2026 | Bond - Gov't/Treasury | ₹74.45 Cr | 1.45% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹74.37 Cr | 1.45% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹74.34 Cr | 1.45% |
| LIC Housing Finance Ltd | Cash - Commercial Paper | ₹74.19 Cr | 1.44% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹74.12 Cr | 1.44% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹74.09 Cr | 1.44% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹74.07 Cr | 1.44% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹73.94 Cr | 1.44% |
| India (Republic of) | Bond - Short-term Government Bills | ₹69.83 Cr | 1.36% |
| Net Receivables / (Payables) | Cash | ₹54.86 Cr | 1.07% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹50.07 Cr | 0.97% |
| Indian Oil Corporation Limited | Cash - Commercial Paper | ₹50 Cr | 0.97% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹49.98 Cr | 0.97% |
| Indian Oil Corporation Limited | Cash - Commercial Paper | ₹49.94 Cr | 0.97% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.84 Cr | 0.97% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹49.69 Cr | 0.97% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹49.6 Cr | 0.96% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.58 Cr | 0.96% |
| 364 DTB 27022026 | Bond - Gov't/Treasury | ₹49.48 Cr | 0.96% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹49.4 Cr | 0.96% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹49.3 Cr | 0.96% |
| Icici Securities Limited (13/03/2026) | Cash | ₹49.22 Cr | 0.96% |
| India (Republic of) | Bond - Short-term Government Bills | ₹24.92 Cr | 0.48% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹24.88 Cr | 0.48% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹24.85 Cr | 0.48% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹24.84 Cr | 0.48% |
| India (Republic of) | Bond - Short-term Government Bills | ₹24.79 Cr | 0.48% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.79 Cr | 0.48% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹24.78 Cr | 0.48% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹24.74 Cr | 0.48% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹24.73 Cr | 0.48% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.68 Cr | 0.48% |
| LIC Housing Finance Ltd | Cash - Commercial Paper | ₹24.65 Cr | 0.48% |
| Corporate Debt Market Development Fund - Class A2 Units | Mutual Fund - Open End | ₹10.07 Cr | 0.20% |
| Trp_161225 | Cash - Repurchase Agreement | ₹2.7 Cr | 0.05% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹2,306.16 Cr | 44.84% |
| Cash - Commercial Paper | ₹918.08 Cr | 17.85% |
| Bond - Gov't/Treasury | ₹768.23 Cr | 14.94% |
| Bond - Corporate Bond | ₹347.7 Cr | 6.76% |
| Cash | ₹326.02 Cr | 6.34% |
| Bond - Short-term Government Bills | ₹244.35 Cr | 4.75% |
| Bond - Gov't Agency Debt | ₹123.49 Cr | 2.40% |
| Cash - Repurchase Agreement | ₹99.46 Cr | 1.93% |
| Mutual Fund - Open End | ₹10.07 Cr | 0.20% |
Risk & Performance Ratios
Standard Deviation
This fund
0.15%
Cat. avg.
0.30%
Lower the better
Sharpe Ratio
This fund
0.07
Cat. avg.
-0.81
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
9.23
Higher the better
Fund Managers
Tejas Soman
Since September 2025
MK
Mansi Kariya
Since December 2023
AD
Aishwarya Dhar
Since September 2025
Additional Scheme Detailsas of 15th December 2025
ISIN INF879O01068 | Expense Ratio 0.10% | Exit Load No Charges | Fund Size ₹5,075 Cr | Age 7 years 7 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark NIFTY 50 Arbitrage 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:
Dividend Taxation:
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  |
|---|---|---|---|---|
| Abakkus Liquid Fund Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Abakkus Liquid Fund Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Capitalmind Liquid Fund Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Capitalmind Liquid Fund Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Edelweiss Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.2% | - | ₹100.56 Cr | - |
| The Wealth Company Liquid Fund Direct Growth Low to Moderate Risk | - | 0.0% | ₹1047.32 Cr | - |
| JioBlackRock Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹6889.21 Cr | - |
| Unifi Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹178.22 Cr | - |
| Unifi Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹178.22 Cr | - |
| Angel One Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.3% | - | ₹237.83 Cr | - |
| ICICI Prudential BSE Liquid Rate ETF - Growth Low Risk | 0.3% | - | ₹815.44 Cr | - |
| HDFC Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.5% | - | ₹64.54 Cr | 4.7% |
| Mirae Asset Nifty 1D Rate Liquid ETF Low Risk | 0.1% | - | ₹329.22 Cr | 5.6% |
| Shriram Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹182.38 Cr | 6.3% |
| Shriram Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹182.38 Cr | 6.1% |
| Groww Nifty 1D Rate Liquid ETF Low Risk | 0.3% | - | ₹116.98 Cr | 5.5% |
| Bajaj Finserv Nifty 1D Rate Liquid ETF Low to Moderate Risk | 0.2% | - | ₹657.13 Cr | 5.5% |
| DSP S&P BSE Liquid Rate ETF Low Risk | 0.3% | - | ₹2025.26 Cr | 5.5% |
| HDFC Nifty 1D Rate Liquid ETF Low Risk | 0.5% | - | ₹29.44 Cr | 5.3% |
| Kotak Quarterly Interval Series 12 Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Kotak Quarterly Interval Series 12 Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Kotak Quarterly Interval Series 13 Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Kotak Quarterly Interval Series 13 Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Mirae Asset Cash Management Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹18005.22 Cr | 6.6% |
| LIC MF Liquid Plan Direct Growth Moderate Risk | 0.2% | 0.0% | ₹11543.29 Cr | 6.6% |
| ICICI Prudential Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹47726.07 Cr | 6.6% |
| ITI Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹53.98 Cr | 6.4% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹53.98 Cr | 6.6% |
| Navi Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹61.90 Cr | 6.2% |
| Sundaram Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹6763.17 Cr | 6.7% |
| Bandhan Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹17408.73 Cr | 6.6% |
| Groww Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹175.54 Cr | 6.7% |
| Nippon India Liquid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹32354.91 Cr | 6.7% |
| Union Liquid Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹7051.99 Cr | 6.5% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2850.92 Cr | 6.5% |
| Edelweiss Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹10214.41 Cr | 6.7% |
| Invesco India Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹17792.80 Cr | 6.6% |
| Kotak Liquid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹34798.13 Cr | 6.6% |
| WhiteOak Capital Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹544.05 Cr | 6.5% |
| WhiteOak Capital Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹544.05 Cr | 6.4% |
| Mahindra Manulife Liquid Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹1189.95 Cr | 6.5% |
| Mahindra Manulife Liquid Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹1189.95 Cr | 6.6% |
| Quantum Liquid Fund Regular Growth Low Risk | 0.3% | 0.0% | ₹547.82 Cr | 6.1% |
| Mirae Asset Cash Management Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹18005.22 Cr | 6.5% |
| Axis Liquid Fund Regular Growth Moderate Risk | 0.2% | 0.0% | ₹37357.87 Cr | 6.6% |
| Bajaj Finserv Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹6206.49 Cr | 6.4% |
| Bajaj Finserv Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹6206.49 Cr | 6.6% |
| SBI Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹69047.58 Cr | 6.4% |
| UTI Liquid Fund Cash Plan Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹24570.02 Cr | 6.6% |
| Axis Liquid Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹37357.87 Cr | 6.7% |
About the AMC
PPFAS Mutual Fund
Total AUM
₹1,43,337 Cr
Address
Great Western Building, 1st Floor, Mumbai, 400 001
Other Funds by PPFAS Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Parag Parikh Dynamic Asset Allocation Fund Direct Growth Moderate Risk | 0.3% | 1.0% | ₹2704.76 Cr | 5.4% |
| Parag Parikh Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹1971.16 Cr | 6.6% |
| Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹5075.30 Cr | 6.4% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk | 0.3% | 1.0% | ₹3167.68 Cr | 7.2% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.6% | 2.0% | ₹129782.54 Cr | 5.6% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹5866.92 Cr | 4.3% |
Risk Level
Your principal amount will be at Low to Moderate Risk
Take control of your wealth
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What is the current NAV of Parag Parikh Liquid Fund Direct Growth?
The NAV of Parag Parikh Liquid Fund Direct Growth, as of 18-Dec-2025, is ₹1497.98.
What are the returns of Parag Parikh Liquid Fund Direct Growth?
The fund has generated 6.37% over the last 1 year and 6.70% 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 Parag Parikh Liquid Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 99.80% in cash and cash equivalents.
Who manages the Parag Parikh Liquid Fund Direct Growth?
The fund managers responsible for Parag Parikh Liquid Fund Direct Growth are:-
- Tejas Soman
- Mansi Kariya
- Aishwarya Dhar
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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.
Parag Parikh Liquid Fund Direct Growth
Capital PreservationLiquidLow to Moderate Risk
Direct
NAV (18-Dec-25)
₹1497.980.02%1D
Returns (Since Inception)
5.46%
Rated ★4.3+ on
Fund Overview
Fund Size
₹5,075 Cr
Expense Ratio
0.10%
ISIN
INF879O01068
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
11 May 2018
Risk Level
Your principal amount will be at Low to Moderate Risk
About this fund
Parag Parikh Liquid Fund Direct Growth is a Liquid mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 7 years, 7 months and 8 days, having been launched on 11-May-18.
As of 18-Dec-25, it has a Net Asset Value (NAV) of ₹1497.98, Assets Under Management (AUM) of 5075.30 Crores, and an expense ratio of 0.1%.
As of 18-Dec-25, it has a Net Asset Value (NAV) of ₹1497.98, Assets Under Management (AUM) of 5075.30 Crores, and an expense ratio of 0.1%.
- Parag Parikh Liquid Fund Direct Growth has given a CAGR return of 5.46% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.80% in cash & cash equivalents.
- You can start investing in Parag Parikh Liquid Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
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
+6.37%
+5.91% (Cat Avg.)
3 Years
+6.70%
+6.43% (Cat Avg.)
5 Years
+5.55%
+5.31% (Cat Avg.)
Since Inception
+5.46%
— (Cat Avg.)
Portfolio Summaryas of 15th December 2025
| Others | ₹5,075.3 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| T-Bill | Bond - Gov't/Treasury | ₹322.58 Cr | 6.27% |
| Treasury Bill | Bond - Gov't/Treasury | ₹222.67 Cr | 4.33% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹222.32 Cr | 4.32% |
| Punjab National Bank (09/03/2026) | Cash | ₹221.94 Cr | 4.31% |
| Bank of Baroda | Bond - Corporate Bond | ₹197.72 Cr | 3.84% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹148.36 Cr | 2.88% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹125 Cr | 2.43% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹123.68 Cr | 2.40% |
| Canara Bank | Bond - Gov't Agency Debt | ₹123.49 Cr | 2.40% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹99.98 Cr | 1.94% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹99.97 Cr | 1.94% |
| Indian Oil Corporation Limited | Cash - Commercial Paper | ₹99.95 Cr | 1.94% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹99.91 Cr | 1.94% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹99.89 Cr | 1.94% |
| Canara Bank | Cash - CD/Time Deposit | ₹99.85 Cr | 1.94% |
| Indian Bank | Cash - CD/Time Deposit | ₹99.16 Cr | 1.93% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹99.12 Cr | 1.93% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹99.08 Cr | 1.93% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹99.05 Cr | 1.93% |
| 364 Days Tbill Mat 200226 | Bond - Gov't/Treasury | ₹99.05 Cr | 1.93% |
| Indian Bank | Cash - Commercial Paper | ₹99.01 Cr | 1.92% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹98.96 Cr | 1.92% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹98.92 Cr | 1.92% |
| Small Industries Dev Bank Of India | Cash - Commercial Paper | ₹98.83 Cr | 1.92% |
| National Bank For Agriculture & Rural Development** | Cash - CD/Time Deposit | ₹98.57 Cr | 1.92% |
| Rep14_151225 | Cash - Repurchase Agreement | ₹96.76 Cr | 1.88% |
| India (Republic of) | Bond - Short-term Government Bills | ₹74.98 Cr | 1.46% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹74.97 Cr | 1.46% |
| 364 Days Tbill Red 05-02-2026 | Bond - Gov't/Treasury | ₹74.45 Cr | 1.45% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹74.37 Cr | 1.45% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹74.34 Cr | 1.45% |
| LIC Housing Finance Ltd | Cash - Commercial Paper | ₹74.19 Cr | 1.44% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹74.12 Cr | 1.44% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹74.09 Cr | 1.44% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹74.07 Cr | 1.44% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹73.94 Cr | 1.44% |
| India (Republic of) | Bond - Short-term Government Bills | ₹69.83 Cr | 1.36% |
| Net Receivables / (Payables) | Cash | ₹54.86 Cr | 1.07% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹50.07 Cr | 0.97% |
| Indian Oil Corporation Limited | Cash - Commercial Paper | ₹50 Cr | 0.97% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹49.98 Cr | 0.97% |
| Indian Oil Corporation Limited | Cash - Commercial Paper | ₹49.94 Cr | 0.97% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.84 Cr | 0.97% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹49.69 Cr | 0.97% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹49.6 Cr | 0.96% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.58 Cr | 0.96% |
| 364 DTB 27022026 | Bond - Gov't/Treasury | ₹49.48 Cr | 0.96% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹49.4 Cr | 0.96% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹49.3 Cr | 0.96% |
| Icici Securities Limited (13/03/2026) | Cash | ₹49.22 Cr | 0.96% |
| India (Republic of) | Bond - Short-term Government Bills | ₹24.92 Cr | 0.48% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹24.88 Cr | 0.48% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹24.85 Cr | 0.48% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹24.84 Cr | 0.48% |
| India (Republic of) | Bond - Short-term Government Bills | ₹24.79 Cr | 0.48% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.79 Cr | 0.48% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹24.78 Cr | 0.48% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹24.74 Cr | 0.48% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹24.73 Cr | 0.48% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.68 Cr | 0.48% |
| LIC Housing Finance Ltd | Cash - Commercial Paper | ₹24.65 Cr | 0.48% |
| Corporate Debt Market Development Fund - Class A2 Units | Mutual Fund - Open End | ₹10.07 Cr | 0.20% |
| Trp_161225 | Cash - Repurchase Agreement | ₹2.7 Cr | 0.05% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹2,306.16 Cr | 44.84% |
| Cash - Commercial Paper | ₹918.08 Cr | 17.85% |
| Bond - Gov't/Treasury | ₹768.23 Cr | 14.94% |
| Bond - Corporate Bond | ₹347.7 Cr | 6.76% |
| Cash | ₹326.02 Cr | 6.34% |
| Bond - Short-term Government Bills | ₹244.35 Cr | 4.75% |
| Bond - Gov't Agency Debt | ₹123.49 Cr | 2.40% |
| Cash - Repurchase Agreement | ₹99.46 Cr | 1.93% |
| Mutual Fund - Open End | ₹10.07 Cr | 0.20% |
Risk & Performance Ratios
Standard Deviation
This fund
0.15%
Cat. avg.
0.30%
Lower the better
Sharpe Ratio
This fund
0.07
Cat. avg.
-0.81
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
9.23
Higher the better
Fund Managers
Tejas Soman
Since September 2025
MK
Mansi Kariya
Since December 2023
AD
Aishwarya Dhar
Since September 2025
Additional Scheme Detailsas of 15th December 2025
ISIN INF879O01068 | Expense Ratio 0.10% | Exit Load No Charges | Fund Size ₹5,075 Cr | Age 7 years 7 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark NIFTY 50 Arbitrage 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:
Dividend Taxation:
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 |
|---|---|---|---|---|
| Abakkus Liquid Fund Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Abakkus Liquid Fund Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Capitalmind Liquid Fund Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Capitalmind Liquid Fund Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Edelweiss Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.2% | - | ₹100.56 Cr | - |
| The Wealth Company Liquid Fund Direct Growth Low to Moderate Risk | - | 0.0% | ₹1047.32 Cr | - |
| JioBlackRock Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹6889.21 Cr | - |
| Unifi Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹178.22 Cr | - |
| Unifi Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹178.22 Cr | - |
| Angel One Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.3% | - | ₹237.83 Cr | - |
| ICICI Prudential BSE Liquid Rate ETF - Growth Low Risk | 0.3% | - | ₹815.44 Cr | - |
| HDFC Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.5% | - | ₹64.54 Cr | 4.7% |
| Mirae Asset Nifty 1D Rate Liquid ETF Low Risk | 0.1% | - | ₹329.22 Cr | 5.6% |
| Shriram Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹182.38 Cr | 6.3% |
| Shriram Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹182.38 Cr | 6.1% |
| Groww Nifty 1D Rate Liquid ETF Low Risk | 0.3% | - | ₹116.98 Cr | 5.5% |
| Bajaj Finserv Nifty 1D Rate Liquid ETF Low to Moderate Risk | 0.2% | - | ₹657.13 Cr | 5.5% |
| DSP S&P BSE Liquid Rate ETF Low Risk | 0.3% | - | ₹2025.26 Cr | 5.5% |
| HDFC Nifty 1D Rate Liquid ETF Low Risk | 0.5% | - | ₹29.44 Cr | 5.3% |
| Kotak Quarterly Interval Series 12 Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Kotak Quarterly Interval Series 12 Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Kotak Quarterly Interval Series 13 Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Kotak Quarterly Interval Series 13 Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Mirae Asset Cash Management Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹18005.22 Cr | 6.6% |
| LIC MF Liquid Plan Direct Growth Moderate Risk | 0.2% | 0.0% | ₹11543.29 Cr | 6.6% |
| ICICI Prudential Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹47726.07 Cr | 6.6% |
| ITI Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹53.98 Cr | 6.4% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹53.98 Cr | 6.6% |
| Navi Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹61.90 Cr | 6.2% |
| Sundaram Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹6763.17 Cr | 6.7% |
| Bandhan Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹17408.73 Cr | 6.6% |
| Groww Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹175.54 Cr | 6.7% |
| Nippon India Liquid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹32354.91 Cr | 6.7% |
| Union Liquid Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹7051.99 Cr | 6.5% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2850.92 Cr | 6.5% |
| Edelweiss Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹10214.41 Cr | 6.7% |
| Invesco India Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹17792.80 Cr | 6.6% |
| Kotak Liquid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹34798.13 Cr | 6.6% |
| WhiteOak Capital Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹544.05 Cr | 6.5% |
| WhiteOak Capital Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹544.05 Cr | 6.4% |
| Mahindra Manulife Liquid Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹1189.95 Cr | 6.5% |
| Mahindra Manulife Liquid Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹1189.95 Cr | 6.6% |
| Quantum Liquid Fund Regular Growth Low Risk | 0.3% | 0.0% | ₹547.82 Cr | 6.1% |
| Mirae Asset Cash Management Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹18005.22 Cr | 6.5% |
| Axis Liquid Fund Regular Growth Moderate Risk | 0.2% | 0.0% | ₹37357.87 Cr | 6.6% |
| Bajaj Finserv Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹6206.49 Cr | 6.4% |
| Bajaj Finserv Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹6206.49 Cr | 6.6% |
| SBI Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹69047.58 Cr | 6.4% |
| UTI Liquid Fund Cash Plan Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹24570.02 Cr | 6.6% |
| Axis Liquid Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹37357.87 Cr | 6.7% |
About the AMC
PPFAS Mutual Fund
Total AUM
₹1,43,337 Cr
Address
Great Western Building, 1st Floor, Mumbai, 400 001
Other Funds by PPFAS Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Parag Parikh Dynamic Asset Allocation Fund Direct Growth Moderate Risk | 0.3% | 1.0% | ₹2704.76 Cr | 5.4% |
| Parag Parikh Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹1971.16 Cr | 6.6% |
| Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹5075.30 Cr | 6.4% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk | 0.3% | 1.0% | ₹3167.68 Cr | 7.2% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.6% | 2.0% | ₹129782.54 Cr | 5.6% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹5866.92 Cr | 4.3% |
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Parag Parikh Liquid Fund Direct Growth?
The NAV of Parag Parikh Liquid Fund Direct Growth, as of 18-Dec-2025, is ₹1497.98.
What are the returns of Parag Parikh Liquid Fund Direct Growth?
The fund has generated 6.37% over the last 1 year and 6.70% 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 Parag Parikh Liquid Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 99.80% in cash and cash equivalents.
Who manages the Parag Parikh Liquid Fund Direct Growth?
The fund managers responsible for Parag Parikh Liquid Fund Direct Growth are:-
- Tejas Soman
- Mansi Kariya
- Aishwarya Dhar
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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 Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.
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