This is the Direct plan of ITI 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
★☆☆☆☆1/5 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 +6.68% · ranks 33 of 36 Liquid Funds
Volatility 0.2% vs 0.2% category avg
0.2% 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
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- Ranks #36 of 41 on 1-year return in its Liquid Fund cohort
- High expense ratio (0.16%) vs the Liquid Fund average of 0.14%
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 | +0.43% | +0.46% | -0.03% |
| 3M abs | +1.42% | +1.53% | -0.11% |
| 6M abs | +3.05% | +3.23% | -0.18% |
| 1Y CAGR | +6.14% | +6.41% | -0.27% |
| 3Y CAGR | +6.68% | +6.89% | -0.21% |
| 5Y CAGR | +6.15% | +6.34% | -0.19% |
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 ITI 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 | +4.71% | |
| 2025 | +6.53% | |
| 2024 | +7.12% | |
| 2023 | +6.84% | |
| 2022 | +4.78% | |
| 2021 | +3.13% | |
| 2020 | +3.33% | |
| 2019part | +3.75% |
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- Debt81.92%
- Cash & Equivalents18.08%
Fund size over time
Quarterly average AUM · AMFIDown +6% from its peak of ₹55.04Cr in January - March 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
ITI Mutual Fund is run by ITI Asset Management, part of the Investment Trust of India group. It launched its first schemes in 2019 and runs a mix of equity, hybrid and debt funds.
Fund Managers
LBLaukik BagweStart date not disclosed
Fund Manager Income
SMP, Leadership and General Management Program, management Information System-IIM Calcutta. PGDBA, Finance & Marketing- ICFAI Business School B.com, International Business/ Trade/Commerce -Mumbai University.
Mr. Laukik Bagwe joined ITI Mutual Fund in February 2025 and has over 25 years of experience in capital markets. Banking & PSU Debt Fund, Past experience - Prior to joining ITI ITI Dynamic AMC, he acted as Fund Manager- Fixed Income of DSP Asset Managers Pvt Ltd (November 2007 – January 2025)
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.
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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 ITI Liquid Fund?
As of 05 Oct 2026, the NAV of ITI Liquid Fund is ₹1,478.87 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ITI Liquid Fund delivered?
ITI Liquid Fund has returned +6.14% over 1 year, +6.68% per year over 3 years, +6.15% per year over 5 years and +5.39% 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 ITI Liquid Fund?
ITI Liquid Fund charges an expense ratio of 0.16% 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 ITI Liquid Fund?
ITI Liquid Fund's largest holdings are 91 Days Tbill (MD 17/09/2026) (13.4%), 7.98% Bajaj Housing Finance Limited (09/09/2026) (9.6%), Canara Bank (14/09/2026) (9.6%), Punjab National Bank (15/09/2026) (8.6%) and ICICI Securities Limited (03/09/2026) (7.7%). Holdings are disclosed monthly and change over time.
How risky is ITI Liquid Fund?
ITI 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 -0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of ITI Liquid Fund?
ITI 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 ITI Liquid Fund?
ITI Liquid Fund is managed by Laukik Bagwe at ITI.
How is ITI Liquid Fund taxed?
ITI 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.