HDFC Liquid Fund

Income-oriented debt or money-market exposure

To generate income through a portfolio comprising money market and debt instruments. There is no assurance that the investment objective of the Scheme will be achieved.

How the money may be invested

Debt (including securitised debt) and Money Market Instruments^* : Upto 100% ^Investment in Debt and Money Market instruments with residual maturity upto 91 days only. **As required under clause 5.6. of Master Circular at least 20% of the net assets of the scheme shall be invested in liquid assets. ‘Liquid assets’ shall include Cash, Government Securities, T-bills and Repo on Government Securities. In case of reduction in exposure to such liquid assets / securities below 20%, the AMC shall ensure that the above requirement is complied with before making any further investments. For detailed asset allocation, refer Scheme Information Document (SID) available on the website.

SEBI category

Liquid Fund

Fund type

An Open ended Liquid scheme. A scheme with Relatively Low Interest Rate Risk and Moderate Credit Risk.

Primary benchmark

CRISIL Liquid Debt A-I Index

Use the latest monthly portfolio

Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.

Manager and scheme tenure

Fund manager(s)

Mr. Rohan Pillai · Mr. Swapnil Jangam · Mr.Dhruv Muchhal

Manager tenure on this scheme

Mr. Rohan Pillai — since 1 October 2025 · Mr. Swapnil Jangam — since 6 October 2022 · Mr.Dhruv Muchhal — since 22 June 2023

Role / co-management

Mr. Rohan Pillai — Fund Manager and Dealer - Fixed Income · Mr. Swapnil Jangam — Fund Manager of the scheme · Mr.Dhruv Muchhal — Dedicated Overseas Fund Manager

The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.

Latest NAV records

NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.

What you pay and how money moves

Stated expense ratio

Regular 0.30%, Direct 0.20%

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.

Minimum application

Growth Option- Rs.100 Weekly and Monthly IDCW Option - Rs. 5000 Daily IDCW Option- Rs. 10,000 · multiples of Any amount

SIP frequency

For Systematic Investmet Plan (SIP) Daily, Weekly, Monthly, Quarterly, Half Yearly and Yearly For Systematic Withdrawal Advantage Plan (SWAP) Fixed SWAP - Monthly, Quarterly, Half Yearly, Yearly Variable SWAP - Quarterly, Half Yearly, Yearly For Sytematic Transfer Plan (STP) Fixed Systematic Transfer Plan (FSTP) - Daily, Weekly, Monthly, Quarterly Capital Appreciation Systematic Transfer Plan (CASTP) - Monthly, Quarterly

Minimum SIP amount

For SIP DSIP, WSIP, MSIP - Rs. 100 QSIP - Rs. 1500 HSIP - Rs. 2500 YSIP - Rs. 5000 For SWAP Fixed SWAP - Rs. 500 Variable SWAP - Rs. 300 For STP Fixed STP (FSTP) Daily FSTP - Rs. 500 Weekly FSTP - Rs. 500 Monthly FSTP - Rs. 1000 Quarterly FSTP -Rs. 3000 Capital Appreciation STP (CASTP) Monthly CASTP - Rs. 300 Quarterly CASTP - Rs 1000

Minimum instalments

SIP: Minimum number of installments under DSIP- 2 Minimum number of Installments under WSIP and MSIP : - In respect of each SIP Installment between Rs.300 to Rs.499 in value - 20 - In respect of each SIP Installment between Rs.500 to Rs.999 in value - 12. In respect of each SIP Installment equal to or greater than Rs 1,000 in value - 6 Minimum number of installments under QSIP : - In respect of each SIP Installment between Rs.1,500 to Rs.2,999 in value- 4; In respect of each SIP Installment equal to or greater than Rs. 3,000 in value- 2 Minimum number of installments under HYSIP: - In respect of each SIP Installment equal to or greater than Rs. 2,500 in value- 2 Minimum number of installments under YSIP: - In respect of each SIP Installment equal to or greater than Rs. 5,000 in value- 1 SWP: For Fixed and Variable SWP- 2 STP: Under Daily FSTP: -where installment amount is less than Rs. 1,000 : 12 - where installment amount is equal to or greater than Rs. 1,000: 6 Under Weekly STP : - Where installment amount is less than Rs. 1,000: 12 installments - Where installment amount is equal to or greater than Rs. 1,000: 6 installments However, for weekly STP in equity linked savings schemes, there should be a minimum of 6 installments for enrollment. Under Monthly FSTP & Monthly CASTP : - Minimum 6 installments, Under Quarterly FSTP & Quarterly CASTP : - Minimum 2 installments. Further, the minimum balance in the Unit holders account or the minimum amount of application at the time of enrolment for STP in the Transferor Scheme should be Rs. 12,000. There will be no maximum duration for STP enrolment.

How a mutual-fund investment is paid

1. Complete KYCIdentity, PAN, bank and contact verification are required.
2. Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
3. Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
4. Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
5. Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.

Download and verify at source

The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.

Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.