This is the Direct plan of SBI Liquid Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same 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 (+6.89% 3Y CAGR)NAV history
Scorecard
Not ratedHow 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. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.
Not enough Liquid Fund peers to rank yet
Volatility 0.5% (no category average yet)
0.2% expense (no category average yet)
82% of rolling 3Y windows were positive
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 | +0.05% | — | — |
| 3M abs | +0.04% | — | — |
| 6M abs | +0.02% | — | — |
| 1Y CAGR | +0.04% | — | — |
| 3Y CAGR | +3.61% | — | — |
| 5Y CAGR | +4.38% | — | — |
Category average across peers in Liquid Fund, 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.
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 SBI 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 | -0.03% | |
| 2025 | +1.93% | |
| 2024 | +7.38% | |
| 2023 | +7.09% | |
| 2022 | +4.85% | |
| 2021 | +3.37% | |
| 2020 | +2.85% | |
| 2019 | 0.00% | |
| 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.
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- Debt95.80%
- Cash & Equivalents3.98%
- Other0.22%
Cash & cash-like: 16.53% — the 3.98% 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, ₹92,617Cr in July - September 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
SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.
Fund Managers
RRRajeev RadhakrishnanStart date not disclosed
Chief Investment Officer Fixed Income
B.E (Production). MMS (Finance), CFA
Total experience of 22 years in funds management. Around 16 years in Fixed Income funds management and dealing. Previously he was associated UTI Asset Management Company Ltd. as Co - Fund Manager Past experiences: • SBI Funds Management Limited - (From June 09, 2008 onwards) • Co - Fund Manager - UTI Asset Management Company Limited (June 2001-2008)
- SBI AGGRESSIVE HYBRID FUND
- SBI Balanced Advantage Fund
- SBI Corporate Bond Fund
- SBI Crisil - IBX SDL Index - June 2034 Index Fund
- SBI CRISIL-IBX 10:90 Gilt + SDL Index - Dec 2029 Index Fund
- SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
- SBI CRISIL-IBX Financial Services 9-12 Months Debt Index Fund
- SBI Floating Interest Rates Fund
- SBI Money Market Fund
- SBI Nifty G-sec Jul 2031 Index 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
SBI 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.
Amol Joshi Appointed Chief Financial Officer at SBI Funds Management Limited
hrtoday.in · 2h ago
SBI Medium to Long Term Fund Regular Bonus
ClearTax · 13h ago
SBI 10 year Constant Maturity Gilt Fund Direct Growth
ClearTax · 1d ago
SBI Ultra Short Term Fund Direct Plan Growth
ClearTax · 2d ago
SBI Short Term Fund Regular Growth
ClearTax · 3d ago
SBI Aggressive Hybrid Fund Direct Growth
ClearTax · 3d ago
SBI Medium Term Fund Regular Growth
ClearTax · 3d ago
SBI Mutual Fund (SEOFIIDD.BO) recent insider transactions
Yahoo Finance UK · 3d 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 SBI Liquid Fund?
As of 05 Oct 2026, the NAV of SBI Liquid Fund is ₹1,386.43 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has SBI Liquid Fund delivered?
SBI Liquid Fund has returned +0.04% over 1 year, +3.61% per year over 3 years, +4.38% per year over 5 years and +1.96% 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 SBI Liquid Fund?
SBI Liquid Fund charges an expense ratio of 0.20% 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 SBI Liquid Fund?
SBI Liquid Fund's largest holdings are 91 DAY T-BILL 10.09.26 (7.0%), HDFC Bank Ltd. (2.7%), Punjab National Bank (2.7%), National Bank for Agriculture and Rural Development (2.6%) and Canara Bank (2.4%). Holdings are disclosed monthly and change over time.
How risky is SBI Liquid Fund?
SBI Liquid Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.5% and its worst peak-to-trough fall in our sample was -0.3%. 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 -5.37 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Liquid Fund's -5.37 means it has not compensated investors for its volatility over the window. Higher is better.
Who manages SBI Liquid Fund?
SBI Liquid Fund is managed by Rajeev Radhakrishnan at SBI.
How is SBI Liquid Fund taxed?
SBI 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.