Find unbiased list of Top 10 Liquid Funds in India 2024. This list will help you grow your investment fast compared to normal saving account investment.
It is suggested to keep your money working always, hence, keep money in liquid funds instead of keeping them in bank.
In this Article, We will discuss about Best Liquid Funds available for Investment in India for 2024. And we will analyze in-depth performance of these list of Liquid Funds.
What are Liquid Funds?
Liquid Funds are the category of mutual fund whose investment is mostly in money market instruments such as treasury bills, certificate of deposits, term deposits and commercial paper.
Find the manager gets significant help from these assets which have a lower maturity period and thus are able to meet the demand of investors.
There are various benefits associated with liquid funds and are as follows:
- They have no lock-in period
- On business days, the withdrawal of liquid funds are processed within 24 hours
- They have lower risk interest rates due to investment in short maturity fixed income securities
- They have lower fluctuation rates in the investment return
- Liquid Funds do not have any entry load and exit loads
- They have low volatility due to investment in short-term maturity funds
- Provide the investors flexibility in the investment option such as growth and dividend payout
There is only one disadvantage associated with this fund is that the investors are unable to take the benefits of higher returns which are offered by long-term instruments.
These funds are beneficial for those investors who seek the best short term investment options, especially during the inflation environment.
The Reserve Bank helps in keeping interest rates high with tight liquidity and thus helps in getting good returns from the liquid fund.
These funds come with a different plan such as growth plan, weekly and monthly dividend plans. These, in turn, could be chosen by the investors as per their liquidity needs and convenience.
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Top 10 Liquid Funds in India for 2024
Below is the ranking of Best Mutual Funds in India 2024:
| Ranking | Name of the Fund | Return in 1 Year | Return in 3 Year |
| 1 | IDBI Liquid Direct-G | 7.39% | 7.30% |
| 2 | BNP Paribas Liquid Direct-G | 7.38% | 7.28% |
| 3 | Baroda Pioneer Liquid Direct-G | 7.44% | 7.42% |
| 4 | DSP Liquidity Direct-Growth | 7.36% | 7.32% |
| 5 | Franklin India Liquid Direct-G | 7.34% | 7.33% |
| 6 | HSBC Cash Direct-G | 7.36% | 7.28% |
| 7 | Edelweiss Liquid Direct-G | 7.39% | 7.03% |
| 8 | Reliance Liquid Fund-Growth | 7.27% | 7.25% |
| 9 | Sundaram Money Direct-G | 7.32% | 7.29% |
| 10 | UTI Liquid Cash Inst Direct-G | 7.34% | 7.29% |
Details of Top 10 Liquid Funds
Find detailed performance Analysis of these 10 best liquid funds:
IDBI Liquid Direct-G
The objective of this investment scheme is to provide the investors with a high liquidity level besides generation of regular income for their given investment.
These are open-ended growth investment plan which was launched on 1st January 2013 and has a Benchmark of CRISIL Liquid Fund.
The asset size of this fund is Rs.4491.07 crore with a minimum investment of Rs.5000.
The return for this liquid fund is:
| Period | Return (%) |
| 6 month | 3.8 |
| 1 year | 7.6 |
| 3 years | 7.3 |
BNP Paribas Liquid Direct-G
The major objective of this scheme is to do investment so as to generate regular returns which would be in line with investments in money market and debt securities having the maturity of only up to 91 days.
However, this investment does not guarantee the investors any significant return.
The return for this liquid fund is:
| Period | Return (%) |
| 6 month | 3.8 |
| 1 year | 7.5 |
| 3 years | 7.3 |
Baroda Pioneer Liquid Direct-G
The investment objective of this scheme is to generate a high level of liquidity by doing investment in the portfolio of debt securities as well as the money market.
These are open-ended growth type of investment plan which was launched on 1st January 2013.
They have Benchmark of CRISIL Liquid Fund with the requirement of a minimum investment of Rs.5000 and asset size of Rs.5484.34 crore.
The return for this liquid fund is:
| Period | Return (%) |
| 6 month | 3.8 |
| 1 year | 7.6 |
| 3 years | 7.4 |
DSP Liquidity Direct-Growth
This is an open-ended income scheme which provides a reasonable return with a high degree of liquidity and low risk which is derived from the high-quality debt and money market-related securities’ portfolio.
It was launched on 1st January 2013 with Benchmark of CRISIL Liquid Fund with a minimum investment of Rs.500 and asset size of Rs.17910.39 crore.
The return for this liquid fund is:
| Period | Return (%) |
| 6 month | 3.8 |
| 1 year | 7.5 |
| 3 years | 7.3 |
Franklin India Liquid Direct-G
This scheme provides high liquidity in the current income by conducting 1005 investment in money market and debt related instruments.
These are open-ended and growth-related investment plan. They were launched on 1st February 2013 with Benchmark of CRISIL Liquid Fund.
They require a minimum investment of Rs.10000 and have an asset size of Rs.2944.26 crore.
The return for this liquid fund is:
| Period | Return (%) |
| 6 month | 3.8 |
| 1 year | 7.6 |
| 3 years | 7.3 |
HSBC Cash Direct-G
This scheme aims in providing investors with reasonable returns with low risk and high level of liquidity via the money market and debt securities portfolios.
These are open-ended and growth investment plan which was launched on 1st January 2013. This fund requires a minimum investment of Rs.5000 and has an asset size of Rs.4698.16 crore.
The return for this liquid fund is:
| Period | Return (%) |
| 6 month | 3.8 |
| 1 year | 7.5 |
| 3 years | 7.3 |
Edelweiss Liquid Direct-G
The main objective of this fund is to provide reasonable returns for the investors and arrives with low risk and high liquidity via a portfolio of debt securities and money market.
These are open-ended growth investment plan which was launched on 1st January 2013 and have a Benchmark of CRISIL Liquid Fund.
It requires a minimum investment of Rs.10000 and has an asset size of Rs.1.3 crore as per 31st December 2016.
The return for this liquid fund is:
| Period | Return (%) |
| 6 month | N.A |
| 1 year | N.A |
| 3 years | N.A |
Reliance Liquid Fund – Growth
This scheme helps in generation of optimum return which is inconsistent with moderated risk level and has high liquidity which the investor obtain by investing in money market and debt market instruments.
These are open-ended growth investment plan which was launched on 3rd February 1998.
They have Benchmark of CRISIL Liquid Fund with the minimum investment of Rs.5000 and asset size of Rs.31.49 crore as per 30th September 2018.
The return for this liquid fund is:
| Period | Return (%) |
| 6 month | 3.3 |
| 1 year | 6.5 |
| 3 years | 6.3 |
Sundaram Money Direct-G
This scheme has the investment objective of generating optimal returns which provide investors to invest in high liquidity and the moderate level of risks in the money and debt market instruments.
These are open-ended growth invest plan which was launched on 3rd February 1998 and has Benchmark of CRISIL Liquid Fund.
They require a minimum investment of Rs.5000 and have an asset size of Rs.31.49 crore as per 30th September 2018.
The return for this liquid fund is:
| Period | Return (%) |
| 6 month | 3.3 |
| 1 year | 6.5 |
| 3 years | 6.3 |
UTI Liquid Cash Inst Direct-G
The objective of this investment scheme is to provide the investors with steady as well as reasonable income which would have a high level of liquidity and low risk associated with the investment.
The investment for this fund is part of debt and money market instruments portfolio. However, this scheme does not guarantee the investors with a significant amount of income.
These are open-ended and growth investment fund which was launched on 10th December 2003.
They have Benchmark of CRISIL Liquid Fund and requires a minimum investment of Rs.100000 and requires asset size of Rs.9328.51 crore as per 30th September 2018.
The return for this liquid fund is:
| Period | Return (%) |
| 6 month | 3.7 |
| 1 year | 7.5 |
| 3 years | 7.3 |
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