VALARTH See the full analysis in the appOpen in app
Liquid · Debt

DSP Liquid Fund

DSP Asset Managers Private Limited
Benchmark
CRISIL Liquid Debt A-I Index
Riskometer
Low to Moderate
Size
₹30,224 cr
Allotted
11 Mar 1998
Holdings as of
30 Sep 2026

DSP Liquid Fund is a liquid fund of DSP Asset Managers Private Limited with ₹30,224 cr under management. It is ahead of its benchmark (CRISIL Liquid Debt A-I Index) in 4 of 4 periods. Its direct plan charges 0.12% a year. Karan Mundhra has managed it for 5.5 years.

Has DSP Liquid Fund beaten its benchmark?

Ahead of its benchmark, CRISIL Liquid Debt A-I Index, in 4 of 4 periods in AMFI's figures; +6.57% over the last year against +6.24%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month+0.52% −3.60% —
3 months+1.59% −5.03% —
6 months+3.21% −1.83% —
1 year+6.57% −4.06% +10.63 pts
3 years+6.98% +9.27% −2.29 pts
5 years+6.42% +8.00% −1.58 pts
10 years+6.12% +12.69% −6.57 pts
Since start
from 1 Jan 2013
+6.83%——
Valarth price history to 13 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026
Ahead of its benchmark (CRISIL Liquid Debt A-I Index) in 4 of 4 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +6.57%+6.47%+6.24% +0.33 🔒
3y +6.97%+6.87%+6.75% +0.22 🔒
5y +6.41%+6.31%+6.31% +0.10 🔒
10y +6.12%+6.01%+6.00% +0.12 🔒
Ahead in points a year · its rank among Liquid funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2016 to 13 Oct 2026
50100150200250300350400 20172019202120232025
Fund 181Nifty 500 TRI 327

₹100 put in at the start of Oct 2016 would be ₹181 on 13 Oct 2026, against ₹327 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro
Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.
See them in the app →

What does DSP Liquid Fund cost?

0.12% a year on the direct plan, 0.21% on the regular plan; 16 of 43 funds in its category charge less.

Direct plan
0.12% a year
Category median 0.13%
Regular plan
0.21% a year
Category median 0.25%
Gap
0.09 points
for the same holdings
16 of 43 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Income/Debt Oriented Schemes - Liquid Fund

What the regular plan costs you over time

🔒 Pro
The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages DSP Liquid Fund?

Karan Mundhra, since 1 May 2021; Shalini Vasanta, since 1 Aug 2024; Kunal Khudania, since 1 Jan 2026.

Karan Mundhra
Primary
5.5 years
since 1 May 2021
Shalini Vasanta
Comanage
2.2 years
since 1 Aug 2024
Kunal Khudania
Comanage
0.8 years
since 1 Jan 2026
Benchmark as filedCRISIL Liquid Debt A-I Index
Exit load
Day of redemption/switch from the date of applicable NAV Exit load as a % of redemption/switch proceeds 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% The above exit load is applicable to instalments of existing Systematic Investment Plans (‘SIPs’)/Systematic Transfer Plans (‘STPs’) registered before October 20, 2019. Note: No exit load shall be levied In case of switch of investments from Direct Plan to Regular Plan and vice versa.
From 30 Scheme Summary Documents filed with NSE, first on 26 Aug 2026; as on 12 Oct 2026

What does DSP Liquid Fund hold?

153 holdings as of 30 Sep 2026; the ten largest are 19.7% of the fund, the largest Small Industries Development Bank Of India** at 2.2%.

Mix

Holdings as of 30 Sep 2026
Equity54.1%Debt43.4%Cash2.3%Other0.2%
Holdings
153
86 shares
Top ten
19.7%
of the fund
Effective holdings
57.0
spread, as if equal-weighted
Matched to our table
0%
of the equity

Five largest

% of fund
Small Industries Development Bank Of India**2.19%
Reliance Industries Limited2.00%
Hindustan Petroleum Corporation Limited**2.00%
Reliance Retail Ventures Limited**1.70%
LIC Housing Finance Limited**1.70%

Five largest industries

% of fund
CRISIL A1+84.6%
ICRA A1+7.80%
CRISIL AAA5.70%
IND AA1.20%
IND A1+0.70%

How does DSP Liquid Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro
Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.
Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro
The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is DSP Liquid Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro
Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker
Nearest to the Nifty 50: 100% of it differs from the index (an active fund is usually above 60%).
Active share 100.0%60%

Funds that hold much the same

% of holdings in common
HSBC Liquid Fund15.2% the same
16 shared holdings
Mahindra Manulife Liquid Fund2.2% the same
2 shared holdings
DSP Corporate Bond Fund2.0% the same
2 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro
How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages DSP Liquid Fund?

Karan Mundhra (Primary) since 1 May 2021; Shalini Vasanta (Comanage) since 1 Aug 2024; Kunal Khudania (Comanage) since 1 Jan 2026.

What is the expense ratio of DSP Liquid Fund?

0.12% a year on the direct plan and 0.21% on the regular plan (expense report, Oct 2026).

How has DSP Liquid Fund done?

Its direct plan returned +6.97% a year over 3 years against +6.75% for its benchmark, CRISIL Liquid Debt A-I Index, as of 13 Oct 2026.

Inside the app

See DSP Liquid Fund beside your own funds in Valarth

Start freeStart free
A Valarth stock page: the share price with its chart and 52-week range, valuation and profitability figures, and a scorecard of health checks.
Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
The Valarth stock screener: a table of companies with price, market cap, P/E, P/B, PEG, EPS and ROE, and filters down the left.
ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
The Valarth AI Screener answering 'Which companies will benefit from India's Project 75 submarine programme?' with a basket of four naval shipbuilders and a written thesis.
AI ScreenerAsk a question in plain English, like which companies benefit from India's Project 75. It reads the intent, builds the screen and writes the thesis.
A Valarth business-model card for State Bank of India, with a plain-language summary and statements verified against the filing.
Business modelHow a company makes money and what can hurt it, each statement checked against its annual report.
Valarth's Before the Bell edition, with the day's headline, regulator notes and sector moves.
Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

DSP Liquid Fund in the app: beside your own funds, with what you own through them

See the full analysis in the app →See pricing
Share this page