Nippon India Liquid Fund
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+6.86% 3Y CAGR)NAV history
Scorecard
★☆☆☆☆1/5 vs 141 of 137 Liquid Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Liquid Fund (same plan and option). 141 of the 137 Liquid Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR -0.01% · ranks 108 of 137 Liquid Funds
Volatility 1.7% vs 0.9% category avg
0.3% expense vs 0.3% category avg
39% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
No standout strengths identified.
Concerns
- 1-year return (+0.03%) trails the Liquid Fund average (+0.85%)
- 3-year return (-0.01%) trails the Liquid Fund average (+1.02%)
- 5-year return (+0.04%) trails the Liquid Fund average (+0.94%)
- More volatile than its Liquid Fund peers (1.7% vs 0.9%)
- High expense ratio (0.35%) vs the Liquid Fund average of 0.26%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Liquid Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.
Fund vs category average (Liquid Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.03% | +0.01% | -0.04% |
| 3M abs | +0.09% | +0.18% | -0.09% |
| 6M abs | -0.02% | +0.39% | -0.41% |
| 1Y CAGR | +0.03% | +0.85% | -0.82% |
| 3Y CAGR | -0.01% | +1.02% | -1.03% |
| 5Y CAGR | +0.04% | +0.94% | -0.90% |
Category average across peers in Liquid Fund (up to 137 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 137 peers in Liquid Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
227 overlapping 1Y windows, sampled monthly across the fund’s history.
Worst falls, and the wait to get back
How far this fund has dropped from a high, and how long it took to reclaim it.
- -38.1%15 Aug 2006 → 20 Mar 2007
Fell over 7 months, back to the old high on 08 Oct 2007 — 7 months under water after the low.
- -27.8%26 Feb 2012 → 28 Mar 2023
Still below that high — 11.1 years down, and no recovery yet.
- -17.5%27 Mar 2008 → 28 Mar 2008
Fell over 1 day, back to the old high on 27 Jun 2008 — 3 months under water after the low.
Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +0.32% | |
| 2025 | -0.03% | |
| 2024 | +0.01% | |
| 2023 | +0.03% | |
| 2022 | +0.05% | |
| 2021 | +0.01% | |
| 2020 | -0.09% | |
| 2019 | -0.08% | |
| 2018 | -0.03% | |
| 2017 | +0.02% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹39,066Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Nippon India Liquid Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Nippon India in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
News by CNBC TV18 on TradingView, 2026-08-20 — cnbctv:36b32abb2094b:0
TradingView · 17h ago
HDFC Securities NAV Glitch Shows Mutual Fund Losses Up To 70%
Sarkaritel.com · 1d ago
Commodities in Indian Portfolios: Nippon India MF Vikram Dhawan View
Univest · 2d ago
Akshaya Tritiya ETF Volume Led By Nippon India MF
fintechbiznews.com · 2d ago
Commodities could play bigger role in Indian portfolios as asset allocation gains traction: Nippon India...
Moneycontrol.com · 2d ago
Gaja Capital Raises Rs 165 Cr from Anchor Investors for IPO
Rediff MoneyWiz · 2d ago
Nippon India Mutual Fund launches an income plus arbitrage fund of funds; details here
livemint.com · 4d ago
Nippon India MF Launches Income Plus Arbitrage Omni Fund of Fund; NFO Opens Today
News18 · 4d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Liquid funds
Liquid funds invest in very short-term debt (maturing within 91 days). They're used to park money for days or weeks — low risk and easy to redeem, but low return too.
Frequently asked questions
What is the NAV of Nippon India Liquid Fund?
As of 20 Aug 2026, the NAV of Nippon India Liquid Fund is ₹1,590.41 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Nippon India Liquid Fund delivered?
Nippon India Liquid Fund has returned +0.03% over 1 year, -0.01% per year over 3 years, +0.04% per year over 5 years and -0.34% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Nippon India Liquid Fund?
Nippon India Liquid Fund charges an expense ratio of 0.35% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Nippon India Liquid Fund?
Its largest holdings are 91 Days Tbill (MD 17/09/2026) (2.9%), Small Industries Development Bank Of India (21/09/2026) ** (2.8%), GOVERNMENT OF INDIA 37693 091 DAYS TBILL 22OT26 FV RS 100 (2.6%), Reliance Retail Ventures Ltd** (2.4%) and SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA 91D CP 08SEP26 (1.8%). Holdings are disclosed monthly and change over time.
How risky is Nippon India Liquid Fund?
It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.7% and its worst peak-to-trough fall in our sample was -38.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -3.75 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Liquid Fund's -3.75 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of Nippon India Liquid Fund?
Nippon India Liquid Fund is benchmarked against the NIFTY Liquid Index A-I. Its alpha and beta on this page are measured against that index.
Who manages Nippon India Liquid Fund?
Nippon India Liquid Fund is managed by Vikash Agarwal at Nippon India.
How is Nippon India Liquid Fund taxed?
Nippon India Liquid Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.