DebtLiquid FundRegularIDCWLow

ASK Liquid Fund

Q: What is the NAV of ASK Liquid Fund?

As of 18 Oct 2026, the NAV of ASK Liquid Fund is ₹1,003.26 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ASK Liquid Fund delivered?

ASK Liquid Fund has returned +0.15% 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 ASK Liquid Fund?

ASK Liquid Fund charges an expense ratio of 0.28% 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 ASK Liquid Fund?

ASK Liquid Fund's largest holdings are HDB Financial Services Limited CP (MD 04/11/2026) (9.0%), Export Import Bank of India CD (MD 11/11/2026) (9.0%), HDFC Bank Limited CD (MD 19/11/2026) (9.0%), REC Limited CP (MD 23/11/2026) (9.0%) and Bank of Baroda CD (MD 04/12/2026) (8.9%). Holdings are disclosed monthly and change over time.

Q: How risky is ASK Liquid Fund?

ASK Liquid Fund sits at the low level on our estimate of SEBI's risk-o-meter scale, its trailing-3Y volatility (annualised) is 1.3% and its worst peak-to-trough fall in our sample was 0.5%. 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 ASK Liquid Fund?

ASK Liquid Fund is benchmarked against the CRISIL Liquid Debt A-I TRI.

Q: Who manages ASK Liquid Fund?

ASK Liquid Fund is managed by Dinesh Ahuja and Yash Sanghvi at ASK.

Q: When was ASK Liquid Fund launched, and what is its objective?

ASK Liquid Fund was launched on 01 Sep 2026. its stated objective is: The investment objective of the Scheme is to generate regular income through investment in a portfolio comprising of money market and debt instruments with residual maturity up to 91 days. There is no assurance that the investment objective of the Scheme will be achieved. Both are as filed in the scheme's own Scheme Summary Document.

Q: How is ASK Liquid Fund taxed?

ASK 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.

ASK Mutual Fund · Best Liquid Mutual Funds

NAV

₹1,003.26

+0.03% 1D

as of 18 Oct 2026

This is the Regular plan of ASK Liquid Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed monthly, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

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

NAV history

+0.15%absolute

52-week rangePrev NAV ₹1,002.92

Latest ₹1,003.26

Low ₹1,000.0069th percentile of its 52-week rangeHigh ₹1,004.75

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.28%

Direct 0.13% · Regular 0.28%

Category —

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

Regular · IDCW

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

None

Exit Load

Up to 0.01%

tiered — see the full terms

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

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹500

CRISIL Liquid Debt A-I TRI

The scheme's allotment date, as filed in its Scheme Summary Document. This plan's NAV history may begin later — Direct plans only exist from 1 Jan 2013.

01 Sep 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-0.04%

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

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

—

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

+0.15%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.26%

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

-0.47%

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	-0.04%	—	—
3M abs	—	—	—
6M abs	—	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

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.

Monthly investment (₹)

Period

Invested

₹10.00K

Current value

₹10.00K

Absolute

0.00%

XIRR

+450.01%

Value vs. invested

ValueInvested

Pick a longer period to plot the path.

1 monthly installments of ₹10,000 into ASK Liquid Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

0.28%

AUM

₹103.50Cr

YTM

6.33%

Macaulay duration

63 days

Average maturity

63 days

Exit load

Day 1 -- 0.0070%, Day 2 -- 0.0065%, Day 3 -- 0.0060%, Day 4 -- 0.0055%, Day 5 -- 0.0050%, Day 6 -- 0.0045%, Day 7 onwards -- 0.0000%

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


ASK Liquid FundThis fund ASK · Regular · Monthly IDCW	—	—	—	—	—	0.28%	₹103.50Cr
Franklin India Liquid Fund - Regular Plan - Unclaimed Franklin Templeton · Regular · IDCW	—	+6.52%	+6.95%	+6.41%	—	0.20%	₹5,992Cr
UTI - Liquid Fund UTI · Regular · Half-Yearly IDCW	—	+6.48%	+6.86%	+6.34%	—	0.25%	₹30,162Cr
Edelweiss Liquid Fund Edelweiss · Regular · IDCW	—	+6.44%	+6.84%	+5.94%	—	0.17%	₹13,846Cr
UTI - Liquid Fund UTI · Regular · Flexi IDCW	—	+6.41%	+6.84%	+6.32%	—	—	₹1.80Cr
UTI - Liquid Fund UTI · Regular · Annual IDCW	—	+6.41%	+6.84%	+6.32%	—	0.25%	₹30,162Cr

Asset allocation

As on 30 Sep 2026 · AMC disclosure

Debt89.53%
Cash & Equivalents10.47%

Cash & cash-like: 89.53% — the 10.47% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

Debt & cash (10)

bonds, treasury bills, CDs, commercial paper and cash

As on 30 Sep 2026 · AMC disclosure

HDB Financial Services Limited CP (MD 04/11/2026)

8.99%

Export Import Bank of India CD (MD 11/11/2026)

8.98%

HDFC Bank Limited CD (MD 19/11/2026)

8.97%

REC Limited CP (MD 23/11/2026)

8.96%

Bank of Baroda CD (MD 04/12/2026)

8.95%

Small Ind Dev Bk of India CP (MD 02/12/2026)

8.95%

Axis Bank Limited CD (MD 07/12/2026)

8.94%

Canara Bank CD (MD 08/12/2026)

8.94%

LIC Housing Finance Limited CP (MD 09/12/2026)

8.94%

ICICI Securities Limited CP (MD 15/12/2026)

8.91%

Fund Managers

DADinesh AhujaStart date not disclosed

Education

Post Graduate Masters in Management Studies (Mumbai Trust – 1997)

All schemes Dinesh Ahuja runs →

YSYash SanghviStart date not disclosed

Role

AVP – Fund Manager and Dealer

Education

• PGDM (Finance) – Mumbai University • B.Tech (Electronics) – NMIMS Univesity

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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.

ASK 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.

Run SIP calculator Add to compare

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 ASK Liquid Fund?

As of 18 Oct 2026, the NAV of ASK Liquid Fund is ₹1,003.26 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ASK Liquid Fund delivered?

ASK Liquid Fund has returned +0.15% 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 ASK Liquid Fund?

ASK Liquid Fund charges an expense ratio of 0.28% 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 ASK Liquid Fund?

ASK Liquid Fund's largest holdings are HDB Financial Services Limited CP (MD 04/11/2026) (9.0%), Export Import Bank of India CD (MD 11/11/2026) (9.0%), HDFC Bank Limited CD (MD 19/11/2026) (9.0%), REC Limited CP (MD 23/11/2026) (9.0%) and Bank of Baroda CD (MD 04/12/2026) (8.9%). Holdings are disclosed monthly and change over time.

How risky is ASK Liquid Fund?

ASK Liquid Fund sits at the low level on our estimate of SEBI's risk-o-meter scale, its trailing-3Y volatility (annualised) is 1.3% and its worst peak-to-trough fall in our sample was 0.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of ASK Liquid Fund?

ASK Liquid Fund is benchmarked against the CRISIL Liquid Debt A-I TRI.

Who manages ASK Liquid Fund?

ASK Liquid Fund is managed by Dinesh Ahuja and Yash Sanghvi at ASK.

When was ASK Liquid Fund launched, and what is its objective?

ASK Liquid Fund was launched on 01 Sep 2026. its stated objective is: The investment objective of the Scheme is to generate regular income through investment in a portfolio comprising of money market and debt instruments with residual maturity up to 91 days. There is no assurance that the investment objective of the Scheme will be achieved. Both are as filed in the scheme's own Scheme Summary Document.

How is ASK Liquid Fund taxed?

ASK 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.