Fund Overview
Fund Size
₹3,426 Cr
Expense Ratio
0.21%
ISIN
INF879O01035
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
11 May 2018
About this fund
Parag Parikh Liquid Fund Regular Growth is a Liquid mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 7 years, 1 months and 8 days, having been launched on 11-May-18.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹1446.04, Assets Under Management (AUM) of 3425.78 Crores, and an expense ratio of 0.21%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹1446.04, Assets Under Management (AUM) of 3425.78 Crores, and an expense ratio of 0.21%.
- Parag Parikh Liquid Fund Regular Growth has given a CAGR return of 5.33% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.82% in cash & cash equivalents.
- You can start investing in Parag Parikh Liquid Fund Regular 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
+6.83%
+7.26% (Cat Avg.)
3 Years
+6.55%
+6.85% (Cat Avg.)
5 Years
+5.18%
+5.49% (Cat Avg.)
Since Inception
+5.33%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Others | ₹3,425.78 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹173.41 Cr | 5.06% |
| Small Industries Development Bank of India | Cash - Commercial Paper | ₹124.34 Cr | 3.63% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹124.2 Cr | 3.63% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹99.97 Cr | 2.92% |
| Hindustan Petroleum Corp Ltd. | Cash - Commercial Paper | ₹99.84 Cr | 2.91% |
| Indian Oil Corp Ltd. | Cash - Commercial Paper | ₹99.54 Cr | 2.91% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹99.11 Cr | 2.89% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹99.02 Cr | 2.89% |
| NTPC Ltd. | Cash - Commercial Paper | ₹99 Cr | 2.89% |
| Bharat Petroleum Corp Ltd. | Cash - Commercial Paper | ₹74.88 Cr | 2.19% |
| 182 DTB 03/07/2025 | Bond - Gov't/Treasury | ₹74.63 Cr | 2.18% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹74.44 Cr | 2.17% |
| India (Republic of) | Bond - Short-term Government Bills | ₹74.3 Cr | 2.17% |
| Indian Bank | Cash - CD/Time Deposit | ₹74.17 Cr | 2.16% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹74.16 Cr | 2.16% |
| Indian Bank (14/08/2025) | Cash - CD/Time Deposit | ₹74.08 Cr | 2.16% |
| 91 Days Tbill (Md 28/08/2025) | Bond - Gov't/Treasury | ₹74 Cr | 2.16% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹73.94 Cr | 2.16% |
| Canara Bank | Cash - CD/Time Deposit | ₹73.94 Cr | 2.16% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹62.94 Cr | 1.84% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.97 Cr | 1.46% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹49.96 Cr | 1.46% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹49.91 Cr | 1.46% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹49.91 Cr | 1.46% |
| Indian Oil Corp Ltd. | Cash - Commercial Paper | ₹49.9 Cr | 1.46% |
| 364 Days Tbill (Md 19/06/2025) | Bond - Gov't/Treasury | ₹49.86 Cr | 1.46% |
| Hindustan Petroleum Corp Ltd. | Cash - Commercial Paper | ₹49.79 Cr | 1.45% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.7 Cr | 1.45% |
| Small Industries Development Bank of India | Cash - Commercial Paper | ₹49.68 Cr | 1.45% |
| National Bank for Agriculture and Rural Development | Cash - Commercial Paper | ₹49.68 Cr | 1.45% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹49.67 Cr | 1.45% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹49.66 Cr | 1.45% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.65 Cr | 1.45% |
| Power Finance Corp Ltd. | Cash - Commercial Paper | ₹49.62 Cr | 1.45% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.62 Cr | 1.45% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.6 Cr | 1.45% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹49.55 Cr | 1.45% |
| 182 DTB 31072025 | Bond - Gov't/Treasury | ₹49.54 Cr | 1.45% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹49.29 Cr | 1.44% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.02 Cr | 0.73% |
| 91 Days Tbill Red 05-06-2025 | Bond - Gov't/Treasury | ₹24.98 Cr | 0.73% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹24.98 Cr | 0.73% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.98 Cr | 0.73% |
| Indian Bank | Cash - CD/Time Deposit | ₹24.97 Cr | 0.73% |
| National Bank For Agriculture And Rural Development (10/06/2025) ** | Cash - Commercial Paper | ₹24.96 Cr | 0.73% |
| 182 DTB 12062025 | Bond - Gov't/Treasury | ₹24.96 Cr | 0.73% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.96 Cr | 0.73% |
| Punjab National Bank ** # | Cash - CD/Time Deposit | ₹24.94 Cr | 0.73% |
| Indian Bank ** # | Cash - CD/Time Deposit | ₹24.94 Cr | 0.73% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹24.93 Cr | 0.73% |
| HDFC Bank Ltd. ** # | Cash - CD/Time Deposit | ₹24.93 Cr | 0.73% |
| 91 Days Treasury Bill 26-Jun-2025 | Bond - Gov't/Treasury | ₹24.9 Cr | 0.73% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹24.9 Cr | 0.73% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹24.89 Cr | 0.73% |
| Canara Bank | Cash - CD/Time Deposit | ₹24.87 Cr | 0.73% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.87 Cr | 0.73% |
| National Bank for Agriculture and Rural Development | Cash - Commercial Paper | ₹24.83 Cr | 0.72% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.77 Cr | 0.72% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.77 Cr | 0.72% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹24.75 Cr | 0.72% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹24.72 Cr | 0.72% |
| Axis Bank Limited (13/08/2025) | Cash - CD/Time Deposit | ₹24.7 Cr | 0.72% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹24.69 Cr | 0.72% |
| Canara Bank | Cash - CD/Time Deposit | ₹24.67 Cr | 0.72% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.66 Cr | 0.72% |
| Corporate Debt Market Development Fund - Class A2 Units | Mutual Fund - Open End | ₹6.17 Cr | 0.18% |
| Net Receivables / (Payables) | Cash | ₹4.62 Cr | 0.13% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹1,439.65 Cr | 42.02% |
| Cash - Commercial Paper | ₹970.22 Cr | 28.32% |
| Bond - Gov't/Treasury | ₹421.78 Cr | 12.31% |
| Bond - Short-term Government Bills | ₹223.24 Cr | 6.52% |
| Bond - Gov't Agency Debt | ₹173.5 Cr | 5.06% |
| Bond - Corporate Bond | ₹123.65 Cr | 3.61% |
| Cash - Repurchase Agreement | ₹62.94 Cr | 1.84% |
| Mutual Fund - Open End | ₹6.17 Cr | 0.18% |
| Cash | ₹4.62 Cr | 0.13% |
Risk & Performance Ratios
Standard Deviation
This fund
0.21%
Cat. avg.
0.45%
Lower the better
Sharpe Ratio
This fund
-1.77
Cat. avg.
-1.09
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
4.23
Higher the better
Fund Managers
RM
Raj Mehta
Since May 2018
MK
Mansi Kariya
Since December 2023
Additional Scheme Detailsas of 31st May 2025
ISIN | INF879O01035 | Expense Ratio | 0.21% | Exit Load | No Charges | Fund Size | ₹3,426 Cr | Age | 7 years 1 month | 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:
- 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
₹1,11,029 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 Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹1579.59 Cr | 7.2% |
| Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹3425.78 Cr | 6.9% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk | 0.3% | 1.0% | ₹2665.17 Cr | 9.7% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.6% | 2.0% | ₹103867.95 Cr | 12.7% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹5294.26 Cr | 13.7% |
Risk Level
Your principal amount will be at Low to Moderate Risk
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What is the current NAV of Parag Parikh Liquid Fund Regular Growth?
The NAV of Parag Parikh Liquid Fund Regular Growth, as of 18-Jun-2025, is ₹1446.04.
What are the returns of Parag Parikh Liquid Fund Regular Growth?
The fund has generated 6.83% over the last 1 year and 6.55% 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 Regular Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 99.82% in cash and cash equivalents.
Who manages the Parag Parikh Liquid Fund Regular Growth?
The fund managers responsible for Parag Parikh Liquid Fund Regular Growth are:-
- Raj Mehta
- Mansi Kariya
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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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.