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Fund Overview

Fund Size

Fund Size

₹2,494 Cr

Expense Ratio

Expense Ratio

0.16%

ISIN

ISIN

INF879O01068

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

11 May 2018

About this fund

Parag Parikh Liquid Fund Direct Growth is a Liquid mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 6 years, 11 months and 8 days, having been launched on 11-May-18.
As of 19-Apr-25, it has a Net Asset Value (NAV) of ₹1441.44, Assets Under Management (AUM) of 2493.98 Crores, and an expense ratio of 0.16%.
  • Parag Parikh Liquid Fund Direct Growth has given a CAGR return of 5.41% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.76% in cash & cash equivalents.
  • You can start investing in Parag Parikh Liquid Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.01%

+6.82% (Cat Avg.)

3 Years

+6.49%

+6.46% (Cat Avg.)

5 Years

+5.19%

+5.16% (Cat Avg.)

Since Inception

+5.41%

(Cat Avg.)

Portfolio Summaryas of 31st March 2025

Others2,493.98 Cr100.00%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
ICICI Bank LimitedCash - CD/Time Deposit124.62 Cr5.00%
Bank Of BarodaCash - CD/Time Deposit124.3 Cr4.98%
91 Days TbillBond - Gov't/Treasury124.05 Cr4.97%
05.91 KL Sdl 2025Bond - Gov't/Treasury99.91 Cr4.01%
91 DTB 17042025Bond - Gov't/Treasury99.72 Cr4.00%
364 DTBBond - Gov't/Treasury99.46 Cr3.99%
Union Bank Of IndiaCash - CD/Time Deposit99.31 Cr3.98%
Canara BankCash - CD/Time Deposit99.17 Cr3.98%
Punjab National BankCash - CD/Time Deposit99.16 Cr3.98%
National Bank For Agriculture And Rural DevelopmentCash - Commercial Paper74.68 Cr2.99%
91 Days Tbill Red 05-06-2025Bond - Gov't/Treasury74.15 Cr2.97%
India (Republic of)Bond - Short-term Government Bills49.98 Cr2.00%
91 DTB 10042025Bond - Gov't/Treasury49.92 Cr2.00%
91 Days TbillBond - Gov't/Treasury49.74 Cr1.99%
Indian BankCash - CD/Time Deposit49.7 Cr1.99%
Axis Bank LimitedCash - CD/Time Deposit49.7 Cr1.99%
Clearing Corporation Of India LtdCash - Repurchase Agreement49.69 Cr1.99%
182 DTB 08052025Bond - Gov't/Treasury49.68 Cr1.99%
Indian BankCash - CD/Time Deposit49.54 Cr1.99%
Axis Bank Ltd.Cash - CD/Time Deposit49.54 Cr1.99%
HDFC Bank LimitedCash - CD/Time Deposit49.47 Cr1.98%
HDFC Bank Ltd. ** #Cash - CD/Time Deposit49.33 Cr1.98%
364 Days Tbill (Md 19/06/2025)Bond - Gov't/Treasury49.33 Cr1.98%
182 DTB 29052025Bond - Gov't/Treasury44.55 Cr1.79%
Union Bank Of IndiaCash - CD/Time Deposit24.99 Cr1.00%
Power Finance Corporation LimitedBond - Corporate Bond24.99 Cr1.00%
05.95 Tn SDL 2025Bond - Gov't/Treasury24.98 Cr1.00%
182 DTB 10042025Bond - Gov't/Treasury24.96 Cr1.00%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit24.93 Cr1.00%
National Bank For Agriculture And Rural DevelopmentCash - Commercial Paper24.92 Cr1.00%
Kotak Mahindra Bank Ltd.Bond - Corporate Bond24.9 Cr1.00%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit24.87 Cr1.00%
182 Days Tbill (Md 01/05/2025)Bond - Gov't/Treasury24.87 Cr1.00%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit24.85 Cr1.00%
Canara BankCash - CD/Time Deposit24.82 Cr1.00%
Punjab National BankCash - CD/Time Deposit24.82 Cr1.00%
HDFC Bank LimitedCash - CD/Time Deposit24.82 Cr1.00%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit24.82 Cr1.00%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit24.79 Cr0.99%
Axis Bank Ltd.Cash - CD/Time Deposit24.79 Cr0.99%
Canara BankCash - CD/Time Deposit24.73 Cr0.99%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit24.69 Cr0.99%
182 DTB 12062025Bond - Gov't/Treasury24.69 Cr0.99%
Axis Bank LimitedCash - CD/Time Deposit24.69 Cr0.99%
Indian BankCash - CD/Time Deposit24.67 Cr0.99%
National Bank For Agriculture And Rural Development (10/06/2025) **Cash - Commercial Paper24.66 Cr0.99%
Bank Of BarodaCash - CD/Time Deposit24.66 Cr0.99%
Punjab National Bank ** #Cash - CD/Time Deposit24.64 Cr0.99%
Indian Bank ** #Cash - CD/Time Deposit24.64 Cr0.99%
HDFC Bank Ltd. ** #Cash - CD/Time Deposit24.64 Cr0.99%
Union Bank of IndiaBond - Gov't Agency Debt24.64 Cr0.99%
91 Days Treasury Bill 26-Jun-2025Bond - Gov't/Treasury24.63 Cr0.99%
ICICI Bank LimitedCash - CD/Time Deposit24.59 Cr0.99%
Net Receivables / (Payables)Cash10.46 Cr0.42%
Corporate Debt Market Development Fund - Class A2 UnitsMutual Fund - Open End6.09 Cr0.24%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash - CD/Time Deposit1,314.32 Cr52.70%
Bond - Gov't/Treasury864.65 Cr34.67%
Cash - Commercial Paper124.26 Cr4.98%
Bond - Short-term Government Bills49.98 Cr2.00%
Bond - Corporate Bond49.89 Cr2.00%
Cash - Repurchase Agreement49.69 Cr1.99%
Bond - Gov't Agency Debt24.64 Cr0.99%
Cash10.46 Cr0.42%
Mutual Fund - Open End6.09 Cr0.24%

Risk & Performance Ratios

Standard Deviation

This fund

0.29%

Cat. avg.

0.50%

Lower the better

Sharpe Ratio

This fund

-1.54

Cat. avg.

-1.22

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.06

Higher the better

Fund Managers

RM

Raj Mehta

Since May 2018

MK

Mansi Kariya

Since December 2023

Additional Scheme Detailsas of 31st March 2025

ISIN
INF879O01068
Expense Ratio
0.16%
Exit Load
No Charges
Fund Size
₹2,494 Cr
Age
6 years 11 months
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
NIFTY 50 Arbitrage TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Liquid Funds

Fund nameExpense RatioExit LoadFund size
1Y
Angel One Nifty 1D Rate Liquid ETF - Growth

Low Risk

----
HDFC Nifty 1D Rate Liquid ETF - Growth

Low Risk

0.8%-₹25.37 Cr5.3%
Mirae Asset Nifty 1D Rate Liquid ETF

Low Risk

0.1%-₹256.05 Cr-
Shriram Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹118.09 Cr-
Shriram Liquid Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹118.09 Cr-
Groww Nifty 1D Rate Liquid ETF

Low Risk

0.3%-₹59.47 Cr-
Bajaj Finserv Nifty 1D Rate Liquid ETF

Low Risk

0.2%-₹461.96 Cr-
DSP S&P BSE Liquid Rate ETF

Low Risk

0.3%-₹2686.33 Cr6.3%
HDFC Nifty 1D Rate Liquid ETF

Low Risk

0.5%-₹29.44 Cr5.3%
Kotak Quarterly Interval Series 12 Direct Growth

Low to Moderate Risk

-0.0%--

About the AMC

PPFAS Mutual Fund

PPFAS Mutual Fund

Total AUM

₹98,680 Cr

Address

Great Western Building, 1st Floor, Mumbai, 400 001

Other Funds by PPFAS Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Parag Parikh Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹1304.46 Cr7.5%
Parag Parikh Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹2493.98 Cr7.0%
Parag Parikh Conservative Hybrid Fund Direct Growth

Moderately High risk

0.3%1.0%₹2451.46 Cr11.0%
Parag Parikh Flexi Cap Fund Direct Growth

Very High Risk

0.6%2.0%₹93440.89 Cr13.5%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹4905.72 Cr15.0%

Risk Level

Your principal amount will be at Low to Moderate Risk

Low to Moderate Risk

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The NAV of Parag Parikh Liquid Fund Direct Growth, as of 19-Apr-2025, is ₹1441.44.
The fund has generated 7.01% over the last 1 year and 6.49% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 99.76% in cash and cash equivalents.
The fund managers responsible for Parag Parikh Liquid Fund Direct Growth are:-
  1. Raj Mehta
  2. Mansi Kariya

Fund Overview

Fund Size

Fund Size

₹2,494 Cr

Expense Ratio

Expense Ratio

0.16%

ISIN

ISIN

INF879O01068

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

11 May 2018

Risk Level

Your principal amount will be at Low to Moderate Risk

Low to Moderate Risk

About this fund

Parag Parikh Liquid Fund Direct Growth is a Liquid mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 6 years, 11 months and 8 days, having been launched on 11-May-18.
As of 19-Apr-25, it has a Net Asset Value (NAV) of ₹1441.44, Assets Under Management (AUM) of 2493.98 Crores, and an expense ratio of 0.16%.
  • Parag Parikh Liquid Fund Direct Growth has given a CAGR return of 5.41% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.76% in cash & cash equivalents.
  • You can start investing in Parag Parikh Liquid Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.01%

+6.82% (Cat Avg.)

3 Years

+6.49%

+6.46% (Cat Avg.)

5 Years

+5.19%

+5.16% (Cat Avg.)

Since Inception

+5.41%

(Cat Avg.)

Portfolio Summaryas of 31st March 2025

Others2,493.98 Cr100.00%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
ICICI Bank LimitedCash - CD/Time Deposit124.62 Cr5.00%
Bank Of BarodaCash - CD/Time Deposit124.3 Cr4.98%
91 Days TbillBond - Gov't/Treasury124.05 Cr4.97%
05.91 KL Sdl 2025Bond - Gov't/Treasury99.91 Cr4.01%
91 DTB 17042025Bond - Gov't/Treasury99.72 Cr4.00%
364 DTBBond - Gov't/Treasury99.46 Cr3.99%
Union Bank Of IndiaCash - CD/Time Deposit99.31 Cr3.98%
Canara BankCash - CD/Time Deposit99.17 Cr3.98%
Punjab National BankCash - CD/Time Deposit99.16 Cr3.98%
National Bank For Agriculture And Rural DevelopmentCash - Commercial Paper74.68 Cr2.99%
91 Days Tbill Red 05-06-2025Bond - Gov't/Treasury74.15 Cr2.97%
India (Republic of)Bond - Short-term Government Bills49.98 Cr2.00%
91 DTB 10042025Bond - Gov't/Treasury49.92 Cr2.00%
91 Days TbillBond - Gov't/Treasury49.74 Cr1.99%
Indian BankCash - CD/Time Deposit49.7 Cr1.99%
Axis Bank LimitedCash - CD/Time Deposit49.7 Cr1.99%
Clearing Corporation Of India LtdCash - Repurchase Agreement49.69 Cr1.99%
182 DTB 08052025Bond - Gov't/Treasury49.68 Cr1.99%
Indian BankCash - CD/Time Deposit49.54 Cr1.99%
Axis Bank Ltd.Cash - CD/Time Deposit49.54 Cr1.99%
HDFC Bank LimitedCash - CD/Time Deposit49.47 Cr1.98%
HDFC Bank Ltd. ** #Cash - CD/Time Deposit49.33 Cr1.98%
364 Days Tbill (Md 19/06/2025)Bond - Gov't/Treasury49.33 Cr1.98%
182 DTB 29052025Bond - Gov't/Treasury44.55 Cr1.79%
Union Bank Of IndiaCash - CD/Time Deposit24.99 Cr1.00%
Power Finance Corporation LimitedBond - Corporate Bond24.99 Cr1.00%
05.95 Tn SDL 2025Bond - Gov't/Treasury24.98 Cr1.00%
182 DTB 10042025Bond - Gov't/Treasury24.96 Cr1.00%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit24.93 Cr1.00%
National Bank For Agriculture And Rural DevelopmentCash - Commercial Paper24.92 Cr1.00%
Kotak Mahindra Bank Ltd.Bond - Corporate Bond24.9 Cr1.00%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit24.87 Cr1.00%
182 Days Tbill (Md 01/05/2025)Bond - Gov't/Treasury24.87 Cr1.00%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit24.85 Cr1.00%
Canara BankCash - CD/Time Deposit24.82 Cr1.00%
Punjab National BankCash - CD/Time Deposit24.82 Cr1.00%
HDFC Bank LimitedCash - CD/Time Deposit24.82 Cr1.00%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit24.82 Cr1.00%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit24.79 Cr0.99%
Axis Bank Ltd.Cash - CD/Time Deposit24.79 Cr0.99%
Canara BankCash - CD/Time Deposit24.73 Cr0.99%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit24.69 Cr0.99%
182 DTB 12062025Bond - Gov't/Treasury24.69 Cr0.99%
Axis Bank LimitedCash - CD/Time Deposit24.69 Cr0.99%
Indian BankCash - CD/Time Deposit24.67 Cr0.99%
National Bank For Agriculture And Rural Development (10/06/2025) **Cash - Commercial Paper24.66 Cr0.99%
Bank Of BarodaCash - CD/Time Deposit24.66 Cr0.99%
Punjab National Bank ** #Cash - CD/Time Deposit24.64 Cr0.99%
Indian Bank ** #Cash - CD/Time Deposit24.64 Cr0.99%
HDFC Bank Ltd. ** #Cash - CD/Time Deposit24.64 Cr0.99%
Union Bank of IndiaBond - Gov't Agency Debt24.64 Cr0.99%
91 Days Treasury Bill 26-Jun-2025Bond - Gov't/Treasury24.63 Cr0.99%
ICICI Bank LimitedCash - CD/Time Deposit24.59 Cr0.99%
Net Receivables / (Payables)Cash10.46 Cr0.42%
Corporate Debt Market Development Fund - Class A2 UnitsMutual Fund - Open End6.09 Cr0.24%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash - CD/Time Deposit1,314.32 Cr52.70%
Bond - Gov't/Treasury864.65 Cr34.67%
Cash - Commercial Paper124.26 Cr4.98%
Bond - Short-term Government Bills49.98 Cr2.00%
Bond - Corporate Bond49.89 Cr2.00%
Cash - Repurchase Agreement49.69 Cr1.99%
Bond - Gov't Agency Debt24.64 Cr0.99%
Cash10.46 Cr0.42%
Mutual Fund - Open End6.09 Cr0.24%

Risk & Performance Ratios

Standard Deviation

This fund

0.29%

Cat. avg.

0.50%

Lower the better

Sharpe Ratio

This fund

-1.54

Cat. avg.

-1.22

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.06

Higher the better

Fund Managers

RM

Raj Mehta

Since May 2018

MK

Mansi Kariya

Since December 2023

Additional Scheme Detailsas of 31st March 2025

ISIN
INF879O01068
Expense Ratio
0.16%
Exit Load
No Charges
Fund Size
₹2,494 Cr
Age
6 years 11 months
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
NIFTY 50 Arbitrage TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Liquid Funds

Fund nameExpense RatioExit LoadFund size
1Y
Angel One Nifty 1D Rate Liquid ETF - Growth

Low Risk

----
HDFC Nifty 1D Rate Liquid ETF - Growth

Low Risk

0.8%-₹25.37 Cr5.3%
Mirae Asset Nifty 1D Rate Liquid ETF

Low Risk

0.1%-₹256.05 Cr-
Shriram Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹118.09 Cr-
Shriram Liquid Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹118.09 Cr-
Groww Nifty 1D Rate Liquid ETF

Low Risk

0.3%-₹59.47 Cr-
Bajaj Finserv Nifty 1D Rate Liquid ETF

Low Risk

0.2%-₹461.96 Cr-
DSP S&P BSE Liquid Rate ETF

Low Risk

0.3%-₹2686.33 Cr6.3%
HDFC Nifty 1D Rate Liquid ETF

Low Risk

0.5%-₹29.44 Cr5.3%
Kotak Quarterly Interval Series 12 Direct Growth

Low to Moderate Risk

-0.0%--

About the AMC

PPFAS Mutual Fund

PPFAS Mutual Fund

Total AUM

₹98,680 Cr

Address

Great Western Building, 1st Floor, Mumbai, 400 001

Other Funds by PPFAS Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Parag Parikh Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹1304.46 Cr7.5%
Parag Parikh Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹2493.98 Cr7.0%
Parag Parikh Conservative Hybrid Fund Direct Growth

Moderately High risk

0.3%1.0%₹2451.46 Cr11.0%
Parag Parikh Flexi Cap Fund Direct Growth

Very High Risk

0.6%2.0%₹93440.89 Cr13.5%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹4905.72 Cr15.0%

Still got questions?
We're here to help.

The NAV of Parag Parikh Liquid Fund Direct Growth, as of 19-Apr-2025, is ₹1441.44.
The fund has generated 7.01% over the last 1 year and 6.49% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 99.76% in cash and cash equivalents.
The fund managers responsible for Parag Parikh Liquid Fund Direct Growth are:-
  1. Raj Mehta
  2. Mansi Kariya
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