A liquid fund is a type of mutual fund that invests exclusively in debt and money market instruments with maturities of up to 91 days. These funds invest in debt instruments with a residual maturity of fewer than 91 days at the time of investment. These funds are best fit to park emergency funds or the saving account alternative for a short span of time. Here, we have given details including the returns and top holding of 4 liquid fund that has been rated 5-star by the Value Research.
Edelweiss Liquid Fund - Direct Plan-Growth
This fund was introduced by the Edelweiss Mutual fund house on September 21, 2007. It is an Open-ended medium-sized liquid fund. The fund's Direct Plan-Growth scheme, its Asset Under Management is Rs 1230.4 Crore. The NAV of this fund's scheme declared on 13th April 2022 is Rs 2750.8374. The expense ratio of the scheme is 0.13%, which is comparatively below its category average returns.
As this is a debt liquid fund, it is relatively not risky. For investment in this fund, the amount (Minimum) required is Rs 5,000. For SIP, it is Rs 500. This fund has offered returns in the last 1 Year. Also, since its inception, it has given 6.83% average annual returns.
The fund's top holdings are in the Reserve Bank of India (RBI), Indian Oil Corp. Ltd., Axis Bank Ltd., Reliance Jio Infocomm Ltd., and Bajaj Finance Ltd.
IDBI Liquid Fund - Direct Plan-Growth
It is an open-ended medium liquid fund from the IDBI Mutual fund. Under the Direct Plan-Growth scheme of this fund, its Asset Under Management is worth Rs 875.92 Crore. Whereas its recent declared NAV on 13th April 2022 is Rs 2294.027. This fund has an expense ratio of 0.13%, which is close to what most other funds charges in its category.
This fund is similar to its peer funds on the risk meter. It is a low to moderate risk liquid fund. To start investment in this fund, the minimum amount required is Rs 5,000 and SIP with Rs 500. This scheme has offered 3.53% returns in the last 1 year. Since its inception, it has delivered 6.92% average annual returns.
The fund's top holdings are in the Reserve Bank of India (RBI), Axis Bank Ltd., Reliance Retail Ventures Ltd., Indian Bank, and GIC Housing Finance Ltd.
Mahindra Manulife Liquid Fund - Direct Plan-Growth
This is also an open-ended Liquid mutual fund scheme from Mahindra Manulife Mutual Fund. It was launched on 04 July 2016. The fund has ₹1,841.98 Crore worth of AUM or Assets under management. The NAV of this fund recently declared on 14th April 2022 is Rs 13865.9951. Its expense ratio is 0.14%, which is slightly below its category average.
Like the other 2 funds, it is also a low-risk fund for investments. However, this fund has performed below peer funds. For investment, the minimum amount required in this fund is Rs 1000. whereas, for SIP, the amount required is Rs 500. In the last 1- year, this fund has given 3.53% returns. On the other, it has delivered 5.81% average annual returns.
The fund's top holdings are in the Reserve Bank of India, National Bank For Agriculture & Rural Development, Indian Bank, Bank Of Baroda, and Axis Bank Ltd.
Quant Liquid Plan - Direct Plan-Growth
This liquid fund was launched by the Quant Mutual fund. It is an open-ended small-sized fund of its category. This fund has Rs 487.56 Crores worth of assets under management. The fund has a NAV of Rs 34.3482 declared on 14th April 2022. This fund has an expense ratio of 0.55%, which is higher than its category average expense ratio.
Talking about factors, it is a moderate risky fund. To start SSIP in this fund, the minimum amount required is Rs 1,000. For Lump-sum payment in this fund, the amount is Rs 5000. The fund has offered 4.17% returns in 1 year. Since its inception, it has delivered 7.40% average annual returns.
Quant Liquid Direct Plan-Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is high.
The fund's top holdings are Piramal Housing Finance Ltd., Piramal Enterprises Ltd., Time Technoplast Ltd, Export-Import Bank Of India (EXIM), and KEC International Ltd.
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.