HDFC Liquid Fund Direct Growth - NAV, Performance, Investment Objective & Fund Details

HDFC Liquid Fund - Complete Investment Guide

HDFC Liquid Fund Direct Plan Growth currently has an Asset Under Management(AUM) of ₹8,65,702 Cr and the Latest NAV as of 21 Aug 2025 is ₹5,221.27. This scheme was made available to investors on 10 Dec 1999, making it one of the established debt funds in the Indian mutual fund landscape.

Investment Objective and Approach

The investment objective of HDFC Liquid Fund is to generate income through a portfolio comprising money market and debt instruments. The fund aims to generate income over short term through a portfolio comprising money market and debt instruments with investment in Debt and Money Market instruments with residual maturity upto 91 days only.

The investment strategy focuses on:

- The Fund aims to invest in debt and money market instruments with residual maturity not exceeding 91 days, subject to regulatory changes from time to time

- The investment team of the AMC will carry out an internal credit analysis of all securities included in the investment universe

- Unlike a Savings Account, the returns of Liquid Funds are market linked, in line with the underlying instruments

The fund offers low volatility with a volatility or standard deviation of 0.12 and maintains a low risk profile suitable for short-term parking of funds.

Fund Managers

Anupam Joshi is the Current Fund Manager of HDFC Liquid Direct Plan Growth fund. Anupam Joshi is currently the Portfolio Manager and Fund Manager of Fixed Income at HDFC Mutual Fund since 2015. Mr. Joshi is a PGDM in Business Management and prior to joining HDFC Mutual Fund he has worked with IDFC AMC, Principal Asset Management Company and ICAP India Pvt. Ltd.

The fund management team includes experienced professionals like:

- Mr. Jangam who has done B.Com, CA and CFA Level III and has worked with M.P. Chitale and Co. and EY

- Mr. Dhruv who has done B.Com, CA and CFA and has worked with Motilal Oswal Financial Services Ltd., Goldman Sachs, CRISIL Global Research & Analytics

About the Fund House (AMC)

HDFC Asset Management Company Ltd., or HDFC Mutual Fund, is currently the largest mutual fund and actively managed equity mutual fund in India. It is one of the most profitable asset management companies (AMC) in the country. The company manages assets worth Rs. 6.1L Cr crores as of Mar 31, 2024.

Key highlights of HDFC Mutual Fund:

- HDFC Asset Management Company Ltd. received approval to act as an AMC from SEBI back on 30 June 2000 under the registration number MF/044/00/6

- The company serviced more than 75000 empanelled distribution partners through 210 branches spread across more than 200 cities in India

- With assets under management totalling Rs. 6,21,043.6 crore as of December 2023, it holds an impressive 11.25% share of the industry's AUM

- HDFC AM is a joint venture between HDFC Limited and abrdn Investment Management Limited

The fund house offers a comprehensive product suite with approximately 85 primary schemes consisting of 47 equity funds, 24 debt funds, and 11 hybrid funds. The remaining 3 schemes include ETFs (Exchange Traded Funds), FOFs (Fund of Funds) and gold funds.

Should I Invest in HDFC Liquid Fund?

HDFC Liquid Fund is suitable for investors looking for:

Low-Risk Short-Term Investment: Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.

Key Investment Features:

- Minimum Investment: Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100

- Returns: Over the past five years, HDFC Liquid Fund has delivered an annualised return of 5.49% as of 19-Jul-2025

- Expense Ratio: The expense ratio of HDFC Liquid Fund Plan is 0.20 as of 25th August 2025

- Risk Profile: The HDFC Liquid Direct Plan Growth is rated Low to Moderate risk

Important Considerations:

- The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses

- These funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run

Exit Load Structure: Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.

FAQs

What is today's NAV of HDFC Liquid Fund?

Latest NAV for HDFC Liquid Fund is at ₹ 5224.44 (as per latest available data from Tickertape).

What is the AUM of HDFC Liquid Fund?

The AUM (i.e. assets under management) of HDFC Liquid Fund is ₹67353.96 Cr as of 25th August 2025.

What is the expense ratio of HDFC Liquid Fund?

The expense ratio of HDFC Liquid Fund Plan is 0.20 as of 25th August 2025.

What are the returns of HDFC Liquid Fund since inception?

Over the past five years, HDFC Liquid Fund has delivered an annualised return of 5.49% as of July 2025. The fund has consistently provided steady returns since its inception in 1999.

What is the minimum SIP amount to invest in HDFC Liquid Fund?

Minimum SIP Investment is set to ₹100 for HDFC Liquid Fund.

How do I invest in HDFC Liquid Fund?

You can invest in HDFC Liquid Fund through Allvest platform online or through other authorized distributors. The minimum investment amount is ₹100 for both lumpsum and SIP options.

How to start a SIP in HDFC Liquid Fund?

You can start a SIP in HDFC Liquid Fund through Allvest with a minimum amount of ₹100. The process can be completed online with automatic payment setup via bank mandate or UPI.

How do I automate an SIP in HDFC Liquid Fund?

Through Allvest, you can set up automatic SIP payments via bank mandate or UPI autopay for seamless monthly investments in HDFC Liquid Fund.

How can I withdraw/redeem my investment in HDFC Liquid Fund?

You can redeem your HDFC Liquid Fund investment online through Allvest or the fund house website. Note that small exit loads apply for redemptions within the first few days as per the fund's exit load structure.