Parag Parikh Liquid Fund Direct Growth
Capital PreservationLiquidLow to Moderate Risk
Direct
NAV (30-Oct-26)
Returns (Since Inception)
Fund Overview
Fund Size
₹5,228 Cr
Expense Ratio
0.11%
ISIN
INF879O01068
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
11 May 2018
About this fund
As of 30-Oct-26, it has a Net Asset Value (NAV) of ₹1581.87, Assets Under Management (AUM) of 5228.31 Crores, and an expense ratio of 0.11%.
- Parag Parikh Liquid Fund Direct Growth has given a CAGR return of 5.56% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.74% 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
+6.41%
+5.81% (Cat Avg.)
3 Years
+6.66%
+6.42% (Cat Avg.)
5 Years
+6.14%
+5.99% (Cat Avg.)
Since Inception
+5.56%
— (Cat Avg.)
Portfolio Summaryas of 15th October 2026
| Others | ₹5,228.31 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Rep14_151026 | Cash - Repurchase Agreement | ₹808.18 Cr | 13.46% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹249.19 Cr | 4.15% |
| Canara Bank | Bond - Gov't Agency Debt | ₹248.38 Cr | 4.14% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹248.25 Cr | 4.13% |
| Small Industries Development Bank of India | Cash - Commercial Paper | ₹247.91 Cr | 4.13% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹198.84 Cr | 3.31% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹198.59 Cr | 3.31% |
| Tata Capital Limited (04/12/2026) | Cash | ₹198.16 Cr | 3.30% |
| Power Finance Corporation Limited (09/12/2026) | Cash | ₹198.11 Cr | 3.30% |
| National Bank For Agriculture And Rural Development (11/12/2026) | Cash | ₹198.01 Cr | 3.30% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹197.92 Cr | 3.30% |
| Canara Bank | Cash - CD/Time Deposit | ₹197.8 Cr | 3.29% |
| 91 Days Tbill (Md 31/12/2026) | Bond - Gov't/Treasury | ₹197.67 Cr | 3.29% |
| Axis Bank Ltd | Cash - CD/Time Deposit | ₹173.75 Cr | 2.89% |
| Small Industries Development Bk Of India | Cash - Commercial Paper | ₹173.04 Cr | 2.88% |
| National Bank for Agriculture and Rural Development | Cash - Commercial Paper | ₹148.91 Cr | 2.48% |
| Icici Securities Limited (22/12/2026) | Cash | ₹148.09 Cr | 2.47% |
| Indian Bank | Cash - CD/Time Deposit | ₹123.81 Cr | 2.06% |
| Ntpc Limited (24/12/2026) # | Cash | ₹123.51 Cr | 2.06% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹115.19 Cr | 1.92% |
| India (Republic of) | Bond - Short-term Government Bills | ₹99.91 Cr | 1.66% |
| Indian Oil Corporation Limited (13/11/2026) | Cash | ₹99.52 Cr | 1.66% |
| Tata Capital Ltd. | Cash - Commercial Paper | ₹99.3 Cr | 1.65% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹99.23 Cr | 1.65% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹99.22 Cr | 1.65% |
| Export Import Bank Of India (04/12/2026) | Cash | ₹99.14 Cr | 1.65% |
| Bajaj Finance Ltd. | Bond - Corporate Bond | ₹99.12 Cr | 1.65% |
| Hdfc Bank Limited (17/12/2026) | Cash | ₹98.91 Cr | 1.65% |
| National Bank For Agriculture And Rural Development (04/01/2027) | Cash | ₹98.48 Cr | 1.64% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹88.97 Cr | 1.48% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹74.76 Cr | 1.24% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹74.68 Cr | 1.24% |
| Trp_161026 | Cash - Repurchase Agreement | ₹64.6 Cr | 1.08% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹49.83 Cr | 0.83% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹49.78 Cr | 0.83% |
| Union Bank of India | Bond - Corporate Bond | ₹49.62 Cr | 0.83% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.47 Cr | 0.82% |
| 7.39% Haryana Sdl 2026 | Bond - Gov't/Treasury | ₹25.02 Cr | 0.42% |
| 7.4% Madhyapradesh Sdl 2026 | Bond - Gov't/Treasury | ₹25.02 Cr | 0.42% |
| 7.37% Rajasthan Sdl 2026 | Bond - Gov't/Treasury | ₹25.02 Cr | 0.42% |
| Canara Bank | Cash - CD/Time Deposit | ₹24.77 Cr | 0.41% |
| Bajaj Finance Limited (07/12/2026) | Cash | ₹24.76 Cr | 0.41% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹24.74 Cr | 0.41% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.58 Cr | 0.41% |
| Corporate Debt Market Development Fund - Class A2 Units | Mutual Fund - Unspecified | ₹15.39 Cr | 0.26% |
| Net Receivables / (Payables) | Cash | ₹13.32 Cr | 0.22% |
| 7.57% Gujarat Sgs 2026 | Bond - Gov't/Treasury | ₹10.01 Cr | 0.17% |
| 7.42% Andhra Sdl 2026 | Bond - Gov't/Treasury | ₹5 Cr | 0.08% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹1,552.11 Cr | 25.84% |
| Cash - Commercial Paper | ₹1,365.22 Cr | 22.73% |
| Cash | ₹1,300.01 Cr | 21.65% |
| Cash - Repurchase Agreement | ₹872.78 Cr | 14.53% |
| Bond - Gov't/Treasury | ₹287.74 Cr | 4.79% |
| Bond - Corporate Bond | ₹263.93 Cr | 4.39% |
| Bond - Gov't Agency Debt | ₹248.38 Cr | 4.14% |
| Bond - Short-term Government Bills | ₹99.91 Cr | 1.66% |
| Mutual Fund - Unspecified | ₹15.39 Cr | 0.26% |
Risk & Performance Ratios
Standard Deviation
This fund
0.18%
Cat. avg.
0.36%
Lower the better
Sharpe Ratio
This fund
1.69
Cat. avg.
0.38
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
13.77
Higher the better
Fund Managers
Tejas Soman
Since September 2025
Mansi Kariya
Since December 2023
Aishwarya Dhar
Since September 2025
Additional Scheme Detailsas of 15th October 2026
ISIN INF879O01068 | Expense Ratio 0.11% | Exit Load No Charges | Fund Size ₹5,228 Cr | Age 8 years 5 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  |
|---|---|---|---|---|
| Carnelian Liquid Fund Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Carnelian Liquid Fund Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| UTI Liquid Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹27453.23 Cr | 6.4% |
| JioBlackRock Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹8255.69 Cr | - |
| ASK Liquid Fund Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| ASK Liquid Fund Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| UTI Liquid Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹27453.23 Cr | 6.5% |
| UTI Liquid Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹27453.23 Cr | 6.4% |
| The Wealth Company Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹852.46 Cr | 6.3% |
| Abakkus Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹617.02 Cr | - |
| Abakkus Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹617.02 Cr | - |
| Capitalmind Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹123.86 Cr | - |
| Capitalmind Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹123.86 Cr | - |
| The Wealth Company Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹852.46 Cr | 6.5% |
| JioBlackRock Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹8255.69 Cr | 6.5% |
| Unifi Liquid Fund Regular Growth Low Risk | 0.1% | 0.0% | ₹20.91 Cr | 5.7% |
| Unifi Liquid Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹20.91 Cr | 5.8% |
| ICICI Prudential BSE Liquid Rate ETF - Growth Low Risk | 0.3% | - | ₹1071.13 Cr | 5.0% |
| Shriram Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹547.03 Cr | 6.3% |
| Shriram Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹547.03 Cr | 6.2% |
| DSP S&P BSE Liquid Rate ETF Low Risk | 0.3% | - | ₹1641.62 Cr | 4.9% |
| 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% | ₹14887.03 Cr | 6.4% |
| LIC MF Liquid Plan Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹12871.93 Cr | 6.4% |
| ICICI Prudential Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹55340.45 Cr | 6.4% |
| ITI Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹52.08 Cr | 6.0% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹52.08 Cr | 6.1% |
| Navi Liquid Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹81.56 Cr | 5.7% |
| Sundaram Liquid Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹6727.30 Cr | 6.5% |
| Bandhan Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹16269.40 Cr | 6.4% |
| Groww Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹301.22 Cr | 6.5% |
| Nippon India Liquid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹40489.55 Cr | 6.5% |
| Union Liquid Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹5014.29 Cr | 6.4% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹1701.37 Cr | 6.4% |
| Edelweiss Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹11740.88 Cr | 6.5% |
| Invesco India Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹22395.05 Cr | 6.5% |
| Kotak Liquid Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹42047.28 Cr | 6.4% |
| WhiteOak Capital Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹726.60 Cr | 6.4% |
| WhiteOak Capital Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹726.60 Cr | 6.2% |
| Mahindra Manulife Liquid Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹1041.44 Cr | 6.4% |
| Mahindra Manulife Liquid Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹1041.44 Cr | 6.5% |
| Quantum Liquid Fund Regular Growth Low Risk | 0.3% | 0.0% | ₹542.63 Cr | 5.8% |
| Mirae Asset Cash Management Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹14887.03 Cr | 6.3% |
| Axis Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹53470.17 Cr | 6.4% |
| Bajaj Finserv Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹7103.53 Cr | 6.3% |
| Bajaj Finserv Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹7103.53 Cr | 6.5% |
About the AMC
PPFAS Mutual Fund
Total AUM
₹1,69,455 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 Large Cap Fund Direct Growth Very High Risk | 0.3% | 0.0% | ₹866.24 Cr | - |
| Parag Parikh Dynamic Asset Allocation Fund Direct Growth Moderately High risk | 0.4% | 1.0% | ₹2532.94 Cr | 1.1% |
| Parag Parikh Arbitrage Fund Direct Growth Low Risk | 1.0% | 0.0% | ₹2749.88 Cr | 6.5% |
| Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹5228.31 Cr | 6.4% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk | 0.3% | 1.0% | ₹3453.72 Cr | 1.8% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.7% | 2.0% | ₹145070.50 Cr | -7.0% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹5400.57 Cr | -11.3% |
Risk Level
Your principal amount will be at Low to Moderate Risk
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Who manages the Parag Parikh Liquid Fund Direct Growth?
- Tejas Soman
- Mansi Kariya
- Aishwarya Dhar
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