This is the Direct plan of Bandhan Liquid Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★☆☆3/5 vs 36 of 43 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). 36 of the 43 Liquid Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +6.92% · ranks 23 of 36 Liquid Funds
Volatility 0.2% vs 0.2% category avg
0.1% expense vs 0.1% category avg
100% 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
- Less volatile than its Liquid Fund peers (0.2% vs 0.2%)
- Low expense ratio (0.07%) vs the Liquid Fund average of 0.15%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Liquid Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.45% | +0.46% | -0.01% |
| 3M abs | +1.53% | +1.53% | 0.00% |
| 6M abs | +3.27% | +3.23% | +0.04% |
| 1Y CAGR | +6.48% | +6.40% | +0.08% |
| 3Y CAGR | +6.92% | +6.88% | +0.04% |
| 5Y CAGR | +6.38% | +6.33% | +0.05% |
Category average across peers in Liquid Fund (up to 43 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 43 peers in Liquid Fund
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 Bandhan Liquid Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +5.01% | |
| 2025 | +6.57% | |
| 2024 | +7.44% | |
| 2023 | +7.14% | |
| 2022 | +4.89% | |
| 2021 | +3.29% | |
| 2020 | +4.10% | |
| 2019 | +6.39% | |
| 2018 | +7.41% | |
| 2017 | +6.71% |
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.
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt95.43%
- Cash & Equivalents4.57%
Cash & cash-like: 12.37% — the 4.57% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹18,842Cr 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.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Bandhan Mutual Fund is the former IDFC Mutual Fund, bought in 2022 by a consortium of Bandhan Financial Holdings, ChrysCapital and GIC and renamed the following year. It carries a long-established debt franchise alongside its equity and index schemes.
Fund Managers
BSBrijesh ShahStart date not disclosed
Senior Vice President – Fixed Income
Post Graduate Diploma in Finance
Mr Shah is associated with Bandhan AMC since August 2015 as part of the Fixed Income Team and will now be handling investments and fixed income Bandhan US Treasury Bond 0-1 year – fund management. Prior experience: · IDBI Asset Management Ltd. – Dealing in Fixed income (Jan.2013 to Aug.2015) · India Bulls Asset Management Ltd. – Dealing in Fixed income (Jun.2011 to Dec.2012) · Mata Securities - Relationship Manager, Wholesale Debt Market (Jun.2010 to Jun.2011) · Twenty First Century - Relationship Manager, Wholesale Debt Market (Jan.2009 to May2010) (Total experience – 15 years)
- Bandhan 10 year Constant Maturity Gilt Fund
- Bandhan 10 year Constant Maturity Gilt Fund
- Bandhan Aggressive Hybrid Fund
- BANDHAN Arbitrage Fund
- BANDHAN Balanced Advantage Fund
- Bandhan Banking and PSU Debt Fund
- BANDHAN CONSERVATIVE HYBRID FUND
- BANDHAN Corporate Bond Fund
- BANDHAN Corporate Bond Fund
- BANDHAN CREDIT RISK FUND
- BANDHAN CREDIT RISK FUND
- Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
- BANDHAN Dynamic Term Fund
- BANDHAN Dynamic Term Fund
- BANDHAN EQUITY SAVINGS FUND
- BANDHAN FLOATING INTEREST RATES FUND
- BANDHAN FLOATING INTEREST RATES FUND
- Bandhan Gilt Fund
- Bandhan Gilt Fund
- Bandhan Healthcare Fund
- BANDHAN INNOVATION FUND
- BANDHAN LIQUID Fund
- BANDHAN LONG TERM FUND
- Bandhan Medium Term Fund
- Bandhan Medium Term Fund
- Bandhan Medium Term Fund
- Bandhan Medium to Long Term Fund
- Bandhan Medium to Long Term Fund
- Bandhan Money Market Fund
- Bandhan Money Market Fund
- BANDHAN MULTI ASSET ALLOCATION FUND
- Bandhan Multi-Factor Fund
- BANDHAN Overnight Fund
- BANDHAN Overnight Fund
- BANDHAN RETIREMENT FUND
- Bandhan Short Term Fund
- Bandhan Short Term Fund
- Bandhan Ultra Short Term Fund
- Bandhan Ultra Short Term Fund
- BANDHAN ULTRA SHORT TO SHORT TERM FUND
- BANDHAN ULTRA SHORT TO SHORT TERM FUND
- Bandhan US Treasury Bond 0-1 year specific Debt Passive FOF - Direct Plan - Growth
HJHarshal JoshiManaging since 15 Sep 2015
Senior Vice President - Fund Management
PGDBM Senior Vice President – Fixed Income
He has been associated with Bandhan Multi Cap Fund - Debt portion, Bandhan AMC since December 2008 with Fixed Income Investment team. Prior to the same he was associated with ICAP India Pvt. Ltd. (2006 to 2007). Managing the Fund since September 15, 2015. (Total Experience – years)
- Bandhan 10 year Constant Maturity Gilt Fund
- Bandhan 10 year Constant Maturity Gilt Fund
- Bandhan Aggressive Hybrid Fund
- BANDHAN Arbitrage Fund
- Bandhan Business Cycle Fund
- BANDHAN CONSERVATIVE HYBRID FUND
- Bandhan Contra Fund
- BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - APRIL 2032 INDEX FUND
- BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - SEPTEMBER 2027 INDEX FUND
- BANDHAN CRISIL IBX GILT APRIL 2028 INDEX FUND
- BANDHAN CRISIL IBX GILT APRIL 2032 INDEX FUND
- BANDHAN CRISIL IBX GILT JUNE 2027 INDEX FUND
- Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
- BANDHAN EQUITY SAVINGS FUND
- BANDHAN FINANCIAL SERVICES FUND
- Bandhan Income Plus Arbitrage Fund of Funds (Formerly Known as Bandhan All Seasons Bond Fund)
- Bandhan Income Plus Arbitrage Fund of Funds (Formerly Known as Bandhan All Seasons Bond Fund)
- BANDHAN LIQUID Fund
- Bandhan Mid Cap Fund
- BANDHAN MULTI CAP FUND
- BANDHAN TRANSPORTATION AND LOGISTICS FUND
- Bandhan Ultra Short Term Fund
- Bandhan Ultra Short Term Fund
- BANDHAN ULTRA SHORT TO SHORT TERM FUND
- BANDHAN ULTRA SHORT TO SHORT TERM FUND
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Bandhan 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.
Bandhan Ultra Short to Short Term Fund - Regular Plan Portfolio
The Economic Times · 4d ago
Bandhan 10 year Constant Maturity Gilt Fund - Dir - Growth
ClearTax · 4d ago
Bandhan Mutual Fund raises EPL Ltd stake to 7.36% via open market buy
scanx.trade · 5d ago
Dalmia Bharat Refractories sells 11.1% stake in RHI Magnesita to Clarus Capital, Bandhan MF, SBI MF,...
Moneycontrol.com · 12d ago
Bandhan Small Cap Fund August portfolio: Cyient, P N Gadgil see higher holdings; 4 stocks added, 6 exited
Livemint · 18d ago
Bandhan Mutual Fund raises Mastek stake to 5.05% via open market buy
scanx.trade · 20d ago
Bandhan Mid Cap Fund - Regular Plan: Overview, Performance, Portfolio | Mutual Fund
Value Research · 26d ago
Bandhan Mutual Fund raises Cyient stake to 5.03% via open market
scanx.trade · 28d 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 Bandhan Liquid Fund?
As of 05 Oct 2026, the NAV of Bandhan Liquid Fund is ₹3,442.99 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Bandhan Liquid Fund delivered?
Bandhan Liquid Fund has returned +6.48% over 1 year, +6.92% per year over 3 years, +6.38% per year over 5 years and +6.78% 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 Bandhan Liquid Fund?
Bandhan Liquid Fund charges an expense ratio of 0.07% 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 Bandhan Liquid Fund?
Bandhan Liquid Fund's largest holdings are HDFC Bank Limited (6.0%), Bajaj Finance Limited (3.7%), Union Bank of India (3.7%), Union Bank of India (3.3%) and Punjab National Bank (2.8%). Holdings are disclosed monthly and change over time.
How risky is Bandhan Liquid Fund?
Bandhan Liquid Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was -0.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Bandhan Liquid Fund?
Bandhan 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 Bandhan Liquid Fund?
Bandhan Liquid Fund is managed by Brijesh Shah and Harshal Joshi at Bandhan.
How is Bandhan Liquid Fund taxed?
Bandhan 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.