GMP IPO Watch
Debt Scheme - Liquid Fund
Axis Liquid Fund
Direct Plan · Monthly IDCW Option · Axis Mutual Fund
Risk: Low to Moderate Risk
52W Low ₹1000.69 25 Nov 2025
52W High ₹1008.63 26 Apr 2026
₹1002.5600
NAV as of 4 Nov 2026
+0.03% day change
Other Plans of This Fund
Direct Plan · Bonus Option
Direct Plan · Daily IDCW Option
Direct Plan · Growth Option
Direct Plan · Weekly IDCW Option
Regular Plan · Daily IDCW Option
Regular Plan · Growth Option
Regular Plan · Monthly IDCW Option
Regular Plan · Weekly IDCW Option
Retail Plan · Daily IDCW Option
Retail Plan · Growth Option
Retail Plan · Monthly IDCW Option
Retail Plan · Weekly IDCW Option
ISININF846K01CY2
Scheme Code120391
StructureOpen Ended Schemes
Fund HouseAxis Asset Management Co. Ltd.
AUM (avg. July - September 2026)₹11.06 Cr
Expense Ratio (as of 3 Nov 2026)0.13%
Min. InvestmentRetail: Rs.5,000 Institutional: Rs. 1 Crore
Inception Date8 Oct 2009
BenchmarkNIFTY Liquid Index A-I
Portfolio Turnover534.87%
NFO Period08 Oct 2009 – 08 Oct 2009
Returns
1Y
+0.06%
3Y
+0.00%
5Y
+0.02%
7Y
+0.01%
10Y
+0.00%
Since Inception
+0.01%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.15% | +0.10% | 13 of 45 |
| 1M | +0.02% | +0.28% | 8 of 44 |
| 3M | +0.04% | +0.95% | 7 of 43 |
| 6M | +0.08% | +2.02% | 5 of 43 |
| YTD | +0.07% | +3.31% | 5 of 45 |
| 1Y | +0.06% | +3.99% | 6 of 41 |
| 2Y | +0.00% | +3.73% | 3 of 37 |
| 3Y | +0.00% | +3.86% | 3 of 37 |
| 5Y | +0.02% | +3.56% | 2 of 35 |
| 7Y | +0.01% | +3.03% | 1 of 34 |
| 10Y | +0.00% | +3.02% | 1 of 29 |
| INCEPTION | +0.01% | — | — |
Ranked among: Debt Scheme - Liquid Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +0.00% | +0.75% | -0.88% | 50% | 20% |
| 6M | +0.00% | +0.89% | -0.88% | 47% | 19% |
| 1Y | -0.00% | +0.82% | -0.88% | 49% | 20% |
| 2Y | -0.00% | +0.41% | -0.44% | 48% | 19% |
| 3Y | -0.00% | +0.28% | -0.29% | 47% | 19% |
| 5Y | -0.00% | +0.16% | -0.15% | 54% | 21% |
| 7Y | -0.00% | +0.12% | -0.12% | 55% | 22% |
| 10Y | +0.00% | +0.08% | -0.08% | 55% | 22% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity0.00%
- Debt96.82%
- Cash3.16%
- Other0.02%
Market Cap Split
- Large Cap0.00%
- Mid Cap0.00%
- Small Cap0.00%
- Others100.00%
Holdings132
Top 5 Stocks0.00%
Top 10 Stocks0.00%
Top 3 Sectors0.00%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Clearing Corporation of India Ltd | Net Current Assets | 5.38% | — |
| 91TB311226 | Money Market | 4.15% | — |
| HDFC Bank Limited (16/10/2026) ** | Money Market | 3.73% | +0.60% |
| Small Industries Dev Bank of India (02/12/2026) ** | Money Market | 3.05% | — |
| National Bank For Agriculture and Rural Development (30/11/2026) ** | Money Market | 2.78% | +0.45% |
| 91TB151026 | Money Market | 2.75% | +0.44% |
| LIC Housing Finance Limited (11/11/2026) ** | Money Market | 2.18% | — |
| HDFC Bank Limited (14/12/2026) ** | Money Market | 2.17% | — |
| 91TB191126 | Money Market | 1.87% | +0.30% |
| NTPC Limited (06/11/2026) ** | Money Market | 1.86% | +0.30% |
| Canara Bank (23/11/2026) ** | Money Market | 1.85% | +0.29% |
| Canara Bank (25/11/2026) ** | Money Market | 1.85% | — |
| Hindustan Petroleum Corporation Limited (02/12/2026) ** | Money Market | 1.85% | — |
| Reliance Retail Ventures Limited (06/11/2026) ** | Money Market | 1.81% | — |
| HDFC Bank Limited (27/10/2026) ** | Money Market | 1.77% | +0.21% |
View all 137 holdings
| Canara Bank (18/11/2026) ** | Money Market | 1.48% | +0.23% |
| Tata Teleservices (Maharashtra) Limited (17/11/2026) ** | Money Market | 1.48% | +1.01% |
| Tata Steel Limited (02/12/2026) ** | Money Market | 1.48% | — |
| Union Bank of India (23/10/2026) ** | Money Market | 1.40% | +0.23% |
| Union Bank of India (26/10/2026) ** | Money Market | 1.40% | +0.23% |
| TCL-19-10-26-CP | Money Market | 1.40% | +0.23% |
| Central Bank of India (09/12/2026) ** | Money Market | 1.39% | — |
| LIC Housing Finance Limited (26/11/2026) ** | Money Market | 1.39% | +0.22% |
| Reliance Retail Ventures Limited (02/12/2026) ** | Money Market | 1.39% | — |
| Small Industries Dev Bank of India (13/10/2026) ** | Money Market | 1.07% | +0.17% |
| Canara Bank (30/11/2026) ** | Money Market | 1.02% | +0.17% |
| ICICI Securities Limited (26/11/2026) ** | Debt | 1.02% | +0.17% |
| Small Industries Dev Bank of India (18/12/2026) ** | Money Market | 0.97% | — |
| Export Import Bank of India (14/12/2026) ** | Money Market | 0.96% | — |
| National Bank For Agriculture and Rural Development (01/10/2026) | Money Market | 0.94% | +0.15% |
| IDFC First Bank Limited (26/10/2026) ** | Money Market | 0.93% | +0.15% |
| Bank of Baroda (11/11/2026) ** | Money Market | 0.93% | +0.15% |
| ICICI Securities Limited (05/11/2026) ** | Debt | 0.93% | — |
| Bharat Petroleum Corporation Limited (13/11/2026) ** | Money Market | 0.93% | +0.15% |
| JIO Credit Limited (09/11/2026) ** | Money Market | 0.93% | +0.15% |
| Cholamandalam Investment and Finance Company Ltd (12/11/2026) ** | Money Market | 0.93% | +0.15% |
| Bajaj Finance Limited (16/11/2026) ** | Money Market | 0.93% | — |
| Aditya Birla Capital Limited (17/11/2026) ** | Money Market | 0.93% | +0.15% |
| Tata Capital Limited (23/11/2026) ** | Money Market | 0.93% | +0.15% |
| National Bank For Agriculture and Rural Development (02/12/2026) ** | Money Market | 0.93% | — |
| 91TB221026 | Money Market | 0.93% | +0.15% |
| Clearing Corporation of India Ltd | Net Current Assets | 0.93% | — |
| Bank of India (04/12/2026) ** | Money Market | 0.92% | — |
| HDFC Bank Limited (17/12/2026) ** | Money Market | 0.92% | — |
| Punjab & Sind Bank (22/12/2026) ** | Money Market | 0.92% | — |
| Kotak Securities Limited (01/12/2026) ** | Debt | 0.92% | — |
| GIL-11-12-26-CP | Money Market | 0.92% | — |
| ICICI Securities Limited (04/12/2026) ** | Debt | 0.92% | — |
| Small Industries Dev Bank of India (17/12/2026) ** | Money Market | 0.92% | — |
| ICICI Securities Limited (15/12/2026) ** | Debt | 0.92% | — |
| HDFC Securities Limited (18/12/2026) ** | Debt | 0.92% | — |
| Small Industries Dev Bank of India (28/10/2026) | Money Market | 0.84% | +0.14% |
| Kotak Mahindra Bank Limited (27/11/2026) | Money Market | 0.83% | — |
| BGHPL-10-12-26-CP | Money Market | 0.78% | — |
| HDFC Securities Limited (18/11/2026) ** | Debt | 0.74% | +0.12% |
| Clearing Corporation of India Ltd | Net Current Assets | 0.73% | — |
| BFL-18-11-26-CP | Money Market | 0.65% | +0.11% |
| Kotak Securities Limited (22/12/2026) ** | Debt | 0.64% | — |
| TATA Realty & Infrastructure Limited (19/10/2026) ** | Money Market | 0.59% | +0.10% |
| Indian Bank (06/11/2026) ** | Money Market | 0.56% | +0.09% |
| IIFL Finance Limited (06/10/2026) ** | Money Market | 0.56% | +0.09% |
| Network18 Media & Investments Limited (03/12/2026) ** | Money Market | 0.55% | — |
| Sikka Ports and Terminals Limited (04/12/2026) ** | Money Market | 0.55% | — |
| Kotak Securities Limited (02/12/2026) ** | Debt | 0.55% | — |
| Reliance Industries Limited (11/12/2026) ** | Money Market | 0.55% | — |
| Union Bank of India (19/10/2026) ** | Money Market | 0.47% | +0.08% |
| IDFC First Bank Limited (23/10/2026) ** | Money Market | 0.47% | +0.08% |
| Karur Vysya Bank Limited (23/11/2026) ** | Money Market | 0.46% | -0.32% |
| Karur Vysya Bank Limited (27/11/2026) ** | Money Market | 0.46% | — |
| City Union Bank Ltd (04/12/2026) ** | Money Market | 0.46% | — |
| DSP Finance Private Limited (11/11/2026) ** | Money Market | 0.46% | +0.07% |
| National Bank For Agriculture and Rural Development (23/11/2026) ** | Money Market | 0.46% | — |
| ICICI Securities Limited (02/12/2026) ** | Debt | 0.46% | — |
| Motilal Oswal Financial Services Limited (03/12/2026) ** | Money Market | 0.46% | — |
| Kotak Securities Limited (09/12/2026) ** | Debt | 0.46% | — |
| Clearing Corporation of India Ltd | Net Current Assets | 0.38% | — |
| Bank of Baroda (07/12/2026) ** | Money Market | 0.37% | — |
| Bank of Baroda (15/12/2026) ** | Money Market | 0.37% | — |
| Bank of India (15/12/2026) ** | Money Market | 0.37% | — |
| Nuvama Clearing Services Ltd (26/10/2026) ** | Money Market | 0.37% | +0.06% |
| Angel One Limited (03/11/2026) ** | Money Market | 0.37% | +0.06% |
| IIFL Finance Limited (03/11/2026) ** | Money Market | 0.37% | +0.06% |
| HDFC Securities Limited (17/11/2026) ** | Debt | 0.37% | +0.06% |
| BFSL-17-11-26-CP | Debt | 0.37% | +0.06% |
| Bajaj Financial Securities Limited (18/11/2026) ** | Debt | 0.37% | +0.06% |
| HDFC Securities Limited (23/11/2026) ** | Debt | 0.37% | +0.06% |
| Kotak Securities Limited (03/12/2026) ** | Debt | 0.37% | — |
| Bharat Petroleum Corporation Limited (11/12/2026) ** | Money Market | 0.37% | — |
| Motilal Oswal Financial Services Limited (04/12/2026) ** | Money Market | 0.37% | — |
| Tata Projects Limited (11/12/2026) ** | Money Market | 0.37% | — |
| DSP Finance Private Limited (02/12/2026) ** | Money Market | 0.37% | — |
| Sharekhan Limited (11/12/2026) ** | Money Market | 0.37% | — |
| Small Industries Dev Bank of India (27/10/2026) | Money Market | 0.33% | +0.06% |
| Union Bank of India (10/12/2026) ** | Money Market | 0.28% | — |
| Muthoot Fincorp Ltd (03/11/2026) ** | Money Market | 0.28% | +0.05% |
| Aditya Birla Money Limited (26/11/2026) ** | Money Market | 0.28% | +0.05% |
| Angel One Limited (26/11/2026) ** | Money Market | 0.28% | +0.05% |
| ICICI Securities Limited (08/12/2026) ** | Debt | 0.28% | — |
| Small Industries Dev Bank of India (04/12/2026) ** | Money Market | 0.26% | — |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Debt | 0.24% | +0.04% |
| Aditya Birla Housing Finance Limited (23/11/2026) ** | Money Market | 0.23% | +0.04% |
| HDFC Bank Limited (19/11/2026) ** | Money Market | 0.22% | — |
| HDFC Bank Limited (02/11/2026) ** | Money Market | 0.19% | +0.03% |
| HDFC Bank Limited (13/11/2026) ** | Money Market | 0.19% | — |
| Aditya Birla Money Limited (03/11/2026) ** | Money Market | 0.19% | +0.03% |
| Nuvama Wealth And Investment Ltd (03/11/2026) ** | Money Market | 0.19% | +0.03% |
| TVS Credit Services Limited (12/11/2026) ** | Money Market | 0.19% | +0.03% |
| Muthoot Fincorp Ltd (12/11/2026) ** | Money Market | 0.19% | +0.03% |
| Indian Bank (04/12/2026) | Money Market | 0.18% | — |
| HDFC Bank Limited (15/12/2026) ** | Money Market | 0.18% | — |
| BFL-4-12-26-CP | Money Market | 0.18% | — |
| Export Import Bank of India (11/12/2026) ** | Money Market | 0.18% | — |
| Reliance Industries Limited (10/12/2026) | Money Market | 0.18% | — |
| BFL-7-12-26-CP | Money Market | 0.18% | — |
| Infina Finance Private Limited (04/12/2026) ** | Money Market | 0.18% | — |
| Nuvama Wealth And Investment Ltd (03/12/2026) ** | Money Market | 0.18% | — |
| Bank of Baroda (25/11/2026) ** | Money Market | 0.14% | +0.02% |
| Indian Bank (10/12/2026) ** | Money Market | 0.14% | — |
| Canara Bank (18/12/2026) ** | Money Market | 0.14% | — |
| Muthoot Fincorp Ltd (09/12/2026) ** | Money Market | 0.14% | — |
| 182T191126 | Money Market | 0.14% | +0.02% |
| 8.0956% Aditya Birla Housing Finance Limited (22/12/2026) ** | Debt | 0.13% | — |
| 7.69% LIC Housing Finance Limited (11/12/2026) ** | Debt | 0.09% | — |
| Small Industries Dev Bank of India (06/11/2026) ** | Money Market | 0.09% | — |
| Indian Bank (15/12/2026) ** | Money Market | 0.09% | — |
| Small Industries Dev Bank of India (16/12/2026) ** | Money Market | 0.09% | — |
| Bajaj Finance Limited (04/11/2026) ** | Money Market | 0.09% | — |
| HDFC Securities Limited (26/11/2026) ** | Debt | 0.09% | +0.01% |
| Nuvama Wealth Finance Limited (04/12/2026) ** | Money Market | 0.09% | — |
| HDFC Bank Limited (06/11/2026) ** | Money Market | 0.05% | — |
| Kotak Mahindra Prime Limited (16/10/2026) ** | Money Market | 0.05% | — |
| HDFC Bank Limited (04/11/2026) ** | Money Market | 0.04% | — |
| 6.55% ICICI Home Finance Company Limited (23/12/2026) ** | Debt | 0.02% | — |
| HDFC Securities Limited (22/10/2026) ** | Debt | 0.02% | — |
| 7.68% Indian Railway Finance Corporation Limited (24/11/2026) ** | Debt | 0.01% | — |
| Piramal Finance Limited (30/10/2026) ** | Money Market | 0.01% | +0.00% |
| Net Receivables / (Payables) | Net Current Assets | -4.26% | — |
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.60 | 0.27 | High Volatility |
| 3Y | 1.64 | 0.26 | High Volatility |
| 5Y | 1.53 | 0.24 | High Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -27.03 | -29.53 | Above Average |
| 3Y | -29.30 | -25.52 | Below Average |
| 5Y | -32.63 | -94.26 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.04 | 222.01 | Below Average |
| 3Y | 0.01 | 379.82 | Below Average |
| 5Y | 0.02 | 183.64 | Below Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.70 | 1.32 | Poor Risk Adjusted Returns |
| 3Y | 1.65 | 1.41 | Poor Risk Adjusted Returns |
| 5Y | 1.60 | 1.30 | Poor Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Nippon India Liquid Fund
Regular Plan · Retail Plan - Growth Option
|
+6.65% | +6.47% | +5.86% | +6.44% |
|
JioBlackRock Liquid Fund
Direct Plan · Growth Option
|
+6.55% | — | — | +6.37% |
|
The Wealth Company Liquid Fund
Direct Plan · Growth
|
+6.55% | — | — | +6.52% |
|
Bajaj Finserv Liquid Fund
Direct Plan · Growth
|
+6.50% | +6.92% | — | +6.93% |
|
BANK OF INDIA LIQUID FUND
Regular Plan · Growth
|
+6.46% | +6.89% | +6.41% | +6.68% |
|
Edelweiss Liquid Fund
Retail Plan · Growth
|
+6.44% | +6.83% | +6.28% | +5.97% |
|
DSP Liquid Fund
Regular Plan · Growth
|
+6.43% | +6.83% | +6.34% | +6.91% |
|
Groww Liquid Fund
Regular Plan · Growth
|
+6.40% | +6.83% | +6.24% | +6.94% |
|
Union Liquid Fund
Regular Plan · Growth Option
|
+6.39% | +6.82% | +6.35% | +6.73% |
|
HDFC Liquid Fund
Regular Plan · Growth Option
|
+6.37% | +6.79% | +6.30% | +6.97% |
More From Axis Asset Management Co. Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
| Axis Silver ETF | +26.40% | +35.94% | — | +33.11% |
|
Axis Silver Fund of Fund
Direct Plan · Growth Option
|
+25.78% | +35.80% | — | +33.62% |
|
Axis Gold Fund
Direct Plan · Growth option
|
+16.88% | +30.78% | +23.12% | +10.32% |
| Axis Gold ETF | +16.64% | +30.81% | +23.30% | +11.67% |
|
Axis NASDAQ 100 US Specific Equity Passive FOF
Direct Plan · IDCW Option
|
+15.62% | +27.97% | — | +30.61% |
| Axis NIFTY Healthcare ETF | +13.26% | +21.08% | +14.40% | +13.81% |
|
Axis Global Equity Alpha Fund of Fund
Direct Plan · Growth Option
|
+13.25% | +22.73% | +13.92% | +16.86% |
|
Axis India Manufacturing Fund
Direct Plan · IDCW Option
|
+13.04% | — | — | +18.81% |
|
Axis Global Innovation Fund of Fund
Direct Plan · IDCW Option
|
+9.94% | +22.97% | +11.52% | +12.36% |
|
Axis Innovation Fund
Direct Plan · Growth Option
|
+9.66% | +17.73% | +10.46% | +14.81% |
About This Scheme
Investment Objective
To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the scheme will be achieved.
Stated Asset Allocation
Money market instruments (including cash, repo, CPs, CDs, Treasury Bills and Government securities) with maturity/residual maturity up to 91 days - (50%-100%), Debt instruments (including floating rate debt instruments and securitized debt) with maturity/residual maturity/ weighted average maturity up to 91 days - (0%-50%)
Exit Load
0.0070% If redeemed or switched out withih 1 day, 0.0065% withih 2 days,0.0060%, withih 3 days, 0.0055% withih 4 days, 0.0050% withih 5 days, 0.0045% withih 6 days from date of allotment
Fund Managers
Mr. Devang Shah, Mr. Aditya Pagaria, Mr. Sachin Jain
Mr. Devang Shah - Comanage/Fixed Income, Mr. Aditya Pagaria - Comanage/Fixed Income, Mr. Sachin Jain - Comanage/Fixed Income
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Axis Asset Management Co. Ltd. website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.