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LIC MF Liquid Fund

Q: What is the NAV of LIC MF Liquid Fund?

As of 05 Oct 2026, the NAV of LIC MF Liquid Fund is ₹5,176.32 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has LIC MF Liquid Fund delivered?

LIC MF Liquid Fund has returned +6.48% over 1 year, +6.93% per year over 3 years, +6.37% per year over 5 years and +6.83% 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.

Q: What is the expense ratio of LIC MF Liquid Fund?

LIC MF Liquid Fund charges an expense ratio of 0.13% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of LIC MF Liquid Fund?

LIC MF Liquid Fund's largest holdings are 91 DAYS TBILL RED 29-10-2026 (4.5%), Motilal Oswal Financial Services Ltd. (3.9%), Grasim Industries Ltd. (3.9%), Power Finance Corporation Ltd. (3.9%) and Small Industries Development Bk of India (3.1%). Holdings are disclosed monthly and change over time.

Q: How risky is LIC MF Liquid Fund?

LIC MF 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.

Q: What is the benchmark of LIC MF Liquid Fund?

LIC MF Liquid Fund is benchmarked against the CRISIL Liquid Debt A-I Index. Its alpha and beta on this page are measured against that index.

Q: Who manages LIC MF Liquid Fund?

LIC MF Liquid Fund is managed by Rahul Singh and Aakash Dhulia at LIC.

Q: How is LIC MF Liquid Fund taxed?

LIC MF 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.

LIC Mutual Fund · Best Liquid Mutual Funds

NAV

₹5,176.32

+0.02% 1D

as of 05 Oct 2026

This is the Direct plan of LIC MF 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.

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NAV history

+6.48%absolute

52-week rangePrev NAV ₹5,175.17

Latest ₹5,176.32

Low ₹4,861.09100th percentile of its 52-week rangeHigh ₹5,176.32

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.

PerformanceAverage

3Y CAGR +6.93% · ranks 22 of 36 Liquid Funds

RiskLow

Volatility 0.2% vs 0.2% category avg

CostLow

0.1% expense vs 0.1% category avg

ConsistencyHigh

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 (0.13%) vs the Liquid Fund average of 0.15%
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.13%

Category 0.15%▼0.02%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

CRISIL Liquid Debt A-I Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

01 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.46%

Absolute return over the last 3 months (not annualized)

+1.53%

Absolute return over the last 6 months (not annualized)

+3.26%

Absolute return since 1 Jan of this year (not annualized)

+5.03%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.48%

3-year annualized return (CAGR)

+6.93%

5-year annualized return (CAGR)

+6.37%

10-year annualized return (CAGR)

+6.13%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+6.83%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.16%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-0.16%

Benchmark 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	+0.46%	+0.46%	0.00%
3M abs	+1.53%	+1.53%	0.00%
6M abs	+3.26%	+3.23%	+0.03%
1Y CAGR	+6.48%	+6.40%	+0.08%
3Y CAGR	+6.93%	+6.88%	+0.05%
5Y CAGR	+6.37%	+6.33%	+0.04%

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

1Y return

+6.48%

Beats 55% · rank #19

3Y return

+6.93%

Beats 40% · rank #22

5Y return

+6.37%

Beats 42.4% · rank #20

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.08L

Absolute

+17.98%

XIRR

+6.76%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into LIC MF 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	+5.03%
2025	+6.57%
2024	+7.44%
2023	+7.10%
2022	+4.86%
2021	+3.40%
2020	+4.42%
2019	+6.65%
2018	+7.47%
2017	+6.78%

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.

History points

4,334

Expense ratio

0.13%

AUM

₹16,404Cr

YTM

6.68%

Macaulay duration

55 days

Average maturity

55 days

Exit load

CRISIL Liquid Debt A-I Index The performance will be benchmarked to Total Returns Variant of the Index. Justification for use of Benchmark : The benchmark of the Scheme has been selected in accordance with paragraph 1.9 of SEBI Master Circular for Mutual Funds from amongst those notified by AMFI as the first tier benchmark and the same is reflective of the category of the Scheme. The composition o

Taxation

Taxed as debt

This 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.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

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.

Peer comparison · Liquid Fund

Compare all


LIC MF Liquid FundThis fund LIC · Direct · Growth	★★★☆☆	+6.48%	+6.93%	+6.37%	—	0.13%	₹16,404Cr
Aditya Birla Sun Life Liquid Fund Aditya Birla Sun Life · Direct · Growth	★★★★☆	+6.57%	+7.00%	+6.45%	—	0.21%	₹60,608Cr
Edelweiss Liquid Fund Edelweiss · Direct · Growth	★★★★☆	+6.54%	+7.00%	+6.42%	—	0.10%	₹13,834Cr
Axis Liquid Fund Axis · Direct · Growth	★★★★★	+6.58%	+7.00%	+6.43%	—	0.13%	₹55,968Cr
Sundaram Liquid Fund Sundaram · Direct · Growth	★★★★★	+6.57%	+6.99%	—	—	0.14%	₹7,410Cr
Franklin India Liquid Fund - Direct Plan - Super Franklin Templeton · Direct · Institutional · Growth	★★★★★	+6.53%	+6.98%	+6.40%	—	0.14%	₹4,069Cr

Asset allocation

As on 30 Sep 2026 · AMC disclosure

Debt105.27%
Other0.27%

Cash & cash-like: 15.71% — the 0.00% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

which companies this fund invests in

As on 30 Sep 2026 · AMC disclosure

Motilal Oswal Financial Services Ltd.

3.87%

Grasim Industries Ltd.

3.85%

Power Finance Corporation Ltd.

3.85%

Small Industries Development Bk of India

3.10%

Reliance Retail Ventures Ltd.

3.08%

HDFC Bank Ltd.

3.07%

Titan Company Ltd.

2.70%

Hindustan Petroleum Corporation Ltd.

2.31%

Bank of India

2.30%

REC Ltd.

1.94%

Fund size over time

Quarterly average AUM · AMFI

₹16,404Cr

April - June 2026

+20%

since January - March 2026

+₹2,455Cr

est. net flow, last quarter

At or near its largest, ₹16,404Cr 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

LIC Mutual Fund is sponsored by the Life Insurance Corporation of India and has been in business since 1989. It absorbed IDBI Mutual Fund's schemes in 2023 and runs a mix of equity, debt and index funds.

Launched

19 Apr 1994

Total AUM

₹49,535Cr+6.6% QoQ

Avg AUM · April - June 2026

Website

licmf.com

Fund Managers

RSRahul SinghStart date not disclosed

Role

Senior Fund Manager – Debt

Education

• Bsc. Economics Hons., • PGDM (MBA) – IIM Ahmedabad debt

Experience

Around 21 years experience in Financial Services Industry • Senior Fund Manager, Fixed Income – LIC Mutual Fund (w.e.f. 17/05/2021) • Fund Manager, Fixed Income - LIC Mutual Fund (07/09/2015 16/05/2021) • Dealer - Fixed Income - BOI AXA Investment Managers (August 2009 August 2015) • Credit Analyst – ING Investment Management (May 2008 – August 2009) • Internship – Standard Chartered Bank (April 2007 – May 2007) • Research Analyst Ashika Capital (Jan 2004 to April 2006)

Funds managed (10)

All schemes Rahul Singh runs →

ADAakash DhuliaStart date not disclosed

Role

Fixed Income Dealer

Education

• PGDBM Finance • BE (Computer Science)

Experience

Mr. Aakash has around 7 years of overall experience. • Fixed Income Dealer – LIC Mutual Fund Asset Management Ltd. (8th September 2023 onwards). • Debt Dealer- India First Life Insurance Co. Ltd. th (June 2021-7 September 2023) • Treasury Sales- STCI Primary Dealer Ltd (May 2019 – May 2021) • Wholesale Debt Market Dealing- Almondz Global Securities Ltd (February 2017 – May 2019)

Funds managed (1)

LIC MF Overnight Fund

All schemes Aakash Dhulia runs →

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

Fund managers

Rahul Singh Aakash Dhulia

LIC 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.

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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 LIC MF Liquid Fund?

As of 05 Oct 2026, the NAV of LIC MF Liquid Fund is ₹5,176.32 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has LIC MF Liquid Fund delivered?

LIC MF Liquid Fund has returned +6.48% over 1 year, +6.93% per year over 3 years, +6.37% per year over 5 years and +6.83% 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 LIC MF Liquid Fund?

LIC MF Liquid Fund charges an expense ratio of 0.13% 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 LIC MF Liquid Fund?

LIC MF Liquid Fund's largest holdings are 91 DAYS TBILL RED 29-10-2026 (4.5%), Motilal Oswal Financial Services Ltd. (3.9%), Grasim Industries Ltd. (3.9%), Power Finance Corporation Ltd. (3.9%) and Small Industries Development Bk of India (3.1%). Holdings are disclosed monthly and change over time.

How risky is LIC MF Liquid Fund?

LIC MF 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 LIC MF Liquid Fund?

LIC MF Liquid Fund is benchmarked against the CRISIL Liquid Debt A-I Index. Its alpha and beta on this page are measured against that index.

Who manages LIC MF Liquid Fund?

LIC MF Liquid Fund is managed by Rahul Singh and Aakash Dhulia at LIC.

How is LIC MF Liquid Fund taxed?

LIC MF 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.