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 (+6.40% 3Y CAGR)NAV history
Scorecard
★☆☆☆☆1/5 vs 141 of 277 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 277 Liquid Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR -0.01% · ranks 205 of 277 Liquid Funds
Volatility 1.6% vs 0.9% category avg
0.2% expense vs 0.2% category avg
40% 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 (+0.84%)
- 3-year return (-0.01%) trails the Liquid Fund average (+1.10%)
- 5-year return (+0.04%) trails the Liquid Fund average (+1.04%)
- More volatile than its Liquid Fund peers (1.6% vs 0.9%)
- Positive in only 40% of rolling 3-year windows
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 | -0.05% | +0.01% | -0.06% |
| 3M abs | +0.08% | +0.19% | -0.11% |
| 6M abs | -0.02% | +0.38% | -0.40% |
| 1Y CAGR | +0.03% | +0.84% | -0.81% |
| 3Y CAGR | -0.01% | +1.10% | -1.11% |
| 5Y CAGR | +0.04% | +1.04% | -1.00% |
Category average across peers in Liquid Fund (276 of 277 carry a figure for at least one period), 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 277 peers in Liquid Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
186 overlapping 1Y windows, sampled monthly across the fund’s history.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +0.30% | |
| 2025 | -0.03% | |
| 2024 | +0.01% | |
| 2023 | +0.02% | |
| 2022 | +0.05% | |
| 2021 | +0.01% | |
| 2020 | +0.01% | |
| 2019 | -0.03% | |
| 2018 | +0.02% | |
| 2017 | 0.00% |
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, ₹55,968Cr 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 Axis 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.
Axis 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.
Gold ETF Inflow Curbs Lifted: HDFC, Axis, And Tata Mutual Funds Reopen Subscriptions
Outlook Money · 5h ago
Axis Mutual Fund announces resumption of lumpsum subscription in its two schemes
Value Research · 1d ago
₹2.52 Lakh Crore Front-Running Case: Bombay HC Sets Aside Police FIR
The420.in · 5d ago
PPFAS Mutual Fund among 6 MFs holding over Rs 10,000 crore in cash in July
The Economic Times · 5d ago
Axis Multi-Asset Omni FoF Direct-Growth (₹ 10.91) - NAV, Reviews & asset allocation
The Economic Times · 8d ago
Axis Income Plus Arbitrage Omni FoF Direct-IDCW Monthly (₹ 15.71) - NAV, Reviews & asset allocation
The Economic Times · 8d ago
Axis Multi-Asset Omni FoF Regular-IDCW (₹ 10.83) - NAV, Reviews & asset allocation
The Economic Times · 8d ago
Axis Income Plus Arbitrage Omni FoF Regular-IDCW (₹ 15.37) - NAV, Reviews & asset allocation
The Economic Times · 8d 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 Axis Liquid Fund?
As of 20 Aug 2026, the NAV of Axis Liquid Fund is ₹1,004.58 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Axis Liquid Fund delivered?
Axis Liquid Fund has returned +0.03% over 1 year, -0.01% per year over 3 years, +0.04% per year over 5 years and +0.03% 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 Axis Liquid Fund?
Axis Liquid Fund charges an expense ratio of 0.22% 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 Axis Liquid Fund?
Its largest holdings are 91 Days Tbill (MD 17/09/2026) (6.6%), CANARA BANK CD 01SEP26 (4.4%), EXPORT IMPORT BANK OF INDIA 91D CP 03SEP26 (3.9%), UNION BANK OF INDIA CD 23JUL26 (2.8%) and HDFC Bank Limited (16/09/2026) ** (2.7%). Holdings are disclosed monthly and change over time.
How risky is Axis Liquid Fund?
It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.6% and its worst peak-to-trough fall in our sample was -0.8%. 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 -4.00 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Liquid Fund's -4.00 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of Axis Liquid Fund?
Axis 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 Axis Liquid Fund?
Axis Liquid Fund is managed by Devang Shah, Aditya Pagaria and Sachin Jain at Axis.
How is Axis Liquid Fund taxed?
Axis 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.