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Debt · Liquid

HDFC Liquid Fund

HDFC Asset Management Company Limited
Benchmark
CRISIL Liquid Debt A-I Index
Riskometer
Moderate
Size
₹76,025 cr
Allotted
17 Oct 2000
Holdings as of
30 Sep 2026

HDFC Liquid Fund is a liquid fund of HDFC Asset Management Company Limited with ₹76,025 cr under management. It is ahead of its benchmark (CRISIL Liquid Debt A-I Index) in 4 of 4 periods. Its direct plan charges 0.20% a year. Swapnil Jangam has managed it for 4.0 years.

Debt and hybrid funds: the company-level sections (scorecard, companies inside, how it is run, nearest index) are not shown. Mix, returns, costs and managers only.

What is HDFC Liquid Fund invested in?

106% in debt, 0% in shares and -7% in cash, as of 30 Sep 2026.

Equity0.0%Debt106.5%Cash-6.8%Other0.3%
Holdings as of 30 Sep 2026

Has HDFC Liquid Fund beaten its benchmark?

Ahead of its benchmark, CRISIL Liquid Debt A-I Index, in 4 of 4 periods in AMFI's figures; +6.51% over the last year against +6.24%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month−56.17% −3.60% —
3 months−55.56% −5.03% —
6 months−54.55% −1.83% —
1 year−52.29% −4.06% −48.23 pts
3 years−18.23% +9.27% −27.50 pts
5 years−8.81% +8.00% −16.81 pts
10 years— +12.69% —
Since start
from 2 Apr 2006
−4.88%——
Valarth price history to 17 Dec 2012 · 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 +6.51%+6.41%+6.24% +0.27 🔒
3y +6.91%+6.82%+6.75% +0.16 🔒
5y +6.37%+6.27%+6.31% +0.06 🔒
10y +6.06%+5.96%+6.00% +0.06 🔒
Ahead in points a year · its rank among Liquid funds, and how steady the lead is, in the app

Value of 100, month-end

Apr 2006 to 17 Dec 2012
50100150200 200720092011
Fund 71Nifty 500 TRI 169

₹100 put in at the start of Apr 2006 would be ₹71 on 17 Dec 2012, against ₹169 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 HDFC Liquid Fund cost?

0.20% a year on the direct plan, 0.30% on the regular plan; 33 of 43 funds in its category charge less.

Direct plan
0.20% a year
Category median 0.13%
Regular plan
0.30% a year
Category median 0.25%
Gap
0.10 points
for the same holdings
33 of 43 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Debt Scheme - 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 HDFC Liquid Fund?

Rohan Pillai, since 1 Oct 2025; Swapnil Jangam, since 6 Oct 2022; Gopal Agrawal, since 1 Sep 2026.

Rohan Pillai
1.0 years
since 1 Oct 2025
Swapnil Jangam
4.0 years
since 6 Oct 2022
Gopal Agrawal
0.1 years
since 1 Sep 2026
Benchmark as filedCRISIL Liquid Debt A-I Index
Exit load
Day 1 - 0.0070% (Note 1 refer) Day 2 - 0.0065% Day 3 - 0.0060% Day 4 - 0.0055% Day 5 - 0.0050% Day 6 - 0.0045% Day 7 onwards - Nil Note 1- For the purpose of levying exit load, if subscription (application & funds) is received within cut-off time on a day, Day 1 shall be considered to be the same day, else the day after the date of allotment of units shall be considered as Day 1.
From 7 Scheme Summary Documents filed with NSE, first on 12 Apr 2026; as on 13 Oct 2026

Questions people ask

Who manages HDFC Liquid Fund?

Rohan Pillai (manager) since 1 Oct 2025; Swapnil Jangam (manager) since 6 Oct 2022; Gopal Agrawal (manager) since 1 Sep 2026.

What is the expense ratio of HDFC Liquid Fund?

0.20% a year on the direct plan and 0.30% on the regular plan (expense report, Oct 2026).

How has HDFC Liquid Fund done?

Its direct plan returned +6.91% 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

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

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