DSP Liquidity Fund

DSP Liquidity Fund

Total AUM

₹16,616.09 crores
as of Jan 31, 2026

Age of Fund

27 years 11 months since Mar 11, 1998

Expense Ratio

0.21%
as of Feb 23, 2026

Exit Load

0.0070% If redeemed…

Ideal holding period

7 Days+

Portfolio as of Jan 31, 2026

Debt 99.7%
Others 0.3%

Indian (99.7%)

Credit rating profile	Weight %
SOVEREIGN	11.9 %
AAA	1.1 %
A1+	96.8 %

Instrument break-up	Weight %
Money market instruments	105.0 %
Government Securities (Central/State)	3.7 %
Bonds & NCDs	1.1 %

Holdings	Weight %
HDFC Bank Limited	4.8 %
91 DAYS T-BILL 2026	4.6 %
5.63% GOI 2026	3.7 %
Small Industries Development Bank of India	3.5 %
HDFC Bank Limited	3.3 %
Small Industries Development Bank of India	3.0 %
Punjab National Bank	3.0 %
Union Bank of India	3.0 %
Bank of Baroda	2.7 %
Union Bank of India	2.5 %
Bank of Baroda	2.5 %
ICICI Securities Limited	2.4 %
Punjab National Bank	2.2 %
Axis Bank Limited	1.9 %
Bank of Baroda	1.8 %
ICICI Securities Limited	1.8 %
Bank of India	1.8 %
Bank of Baroda	1.8 %
HDFC Securities Limited	1.8 %
Bajaj Financial Securities Limited	1.8 %
Punjab National Bank	1.8 %
Export-Import Bank of India	1.8 %
Punjab National Bank	1.8 %
182 DAYS T-BILL 2026	1.6 %
Panatone Finvest Limited	1.5 %
Punjab National Bank	1.5 %
91 DAYS T-BILL 2026	1.3 %
Union Bank of India	1.2 %
Titan Company Limited	1.2 %
Bajaj Finance Limited	1.2 %
Reliance Retail Ventures Limited	1.2 %
Kotak Securities Limited	1.2 %
Kotak Mahindra Bank Limited	1.2 %
Bank of India	1.2 %
Small Industries Development Bank of India	1.2 %
Tata Steel Limited	1.2 %
Punjab National Bank	1.2 %
Godrej Consumer Products Limited	1.2 %
State Bank of India	1.2 %
Bank of Baroda	1.2 %
Tata Realty And Infrastructure Limited	1.2 %
ICICI Securities Primary Dealership Limited	1.1 %
Godrej Properties Limited	0.9 %
Sikka Ports & Terminals Limited	0.9 %
Network18 Media & Investments Limited	0.9 %
Cholamandalam Investment and Finance Company Limited	0.9 %
Motilal Oswal Financial Services Limited	0.9 %
Bank of Baroda	0.9 %
Export-Import Bank of India	0.8 %
Kotak Securities Limited	0.8 %
Motilal Oswal Financial Services Limited	0.8 %
Julius Baer Capital (India) Private Limited	0.8 %
HDFC Bank Limited	0.8 %
Indian Bank	0.8 %
Pilani Investments and Industries Corporation Limited	0.8 %
Bajaj Financial Securities Limited	0.8 %
Network18 Media & Investments Limited	0.8 %
Export-Import Bank of India	0.6 %
Shriram Pistons & Rings Limited	0.6 %
ICICI Bank Limited	0.6 %
Jamnagar Utilities & Power Private Limited	0.6 %
Reliance Retail Ventures Limited	0.6 %
Aditya Birla Housing Finance Limited	0.6 %
IDBI Bank Limited	0.6 %
Aditya Birla Real Estate Limited	0.6 %
ICICI Securities Limited	0.6 %
HDFC Bank Limited	0.6 %
National Bank for Agriculture and Rural Development	0.6 %
IndusInd Bank Limited	0.6 %
TATA CONSUMER PRODUCTS LIMITED	0.6 %
Mahindra Lifespace Developers Limited	0.5 %
Indian Bank	0.5 %
ICICI Securities Limited	0.5 %
Godrej Properties Limited	0.5 %
Mahindra Lifespace Developers Limited	0.5 %
Godrej Industries Limited	0.5 %
Godrej Industries Limited	0.5 %
Kotak Securities Limited	0.5 %
Godrej Industries Limited	0.5 %
LIC Housing Finance Limited	0.3 %
91 DAYS T-BILL 2026	0.3 %
Export-Import Bank of India	0.3 %
364 DAYS T-BILL 2026	0.3 %
HDFC Bank Limited	0.3 %
Union Bank of India	0.3 %
Bajaj Housing Finance Limited	0.2 %
ICICI Securities Limited	0.2 %
HDB Financial Services Limited	0.2 %
Canara Bank	0.2 %
ICICI Securities Limited	0.2 %
HDFC Bank Limited	0.1 %
HDFC Bank Limited	0.1 %
182 DAYS T-BILL 2026	0.0 %
182 DAYS T-BILL 2026	0.0 %
364 DAYS T-BILL 2026	0.0 %
Cash & cash equivalents	-10.1 %
View All Holdings	99.7 %34.0 %

Holdings	Weight %
SBI Funds Management Pvt Ltd/Fund Parent	0.3 %
	0.3 %

Indicators

Yield to Maturity

6.84 %

Modified Duration

0.10 Years

Portfolio Macaulay Duration

0.11 Years

Average Maturity

0.11 Years

Performance

Performance highlights over last

for

investment

Cumulative returns on

Annual returns

Current value

Min CAGR:

MedianCAGR:

Max CAGR:

Good Returns

Negative Returns

vs Fixed Deposit

vs Category

vs Benchmark

Historical Returns (As per SEBI format)as of with investment of₹10,000

	This fund		CRISIL Liquid Debt A-I Index ^{^}		CRISIL 1 Year T-Bill I… ^#
	CAGR	Current Value	CAGR	Current Value	CAGR	Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date	Face Value	IDCW per unit	NAV Before	NAV After

Chart type

Graph viewTable view

Invested as

Invested Amount

₹

Invested since

This fund

CRISIL Liquid Debt A-I…

CRISIL 1 Year T-Bill I…

Gold

PPF

	Funds	Annual returns	Current Value	Absolute Growth	IDCW paid

Chart type:

Returns RangesStatistics

Invested Amount

₹

Rolling period

Funds	Minimum	Median	Maximum	% times -ve returns	% times returns > 7%

Date of allotment: Mar 11, 1998.

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan.

Since inception returns have been calculated from the date of allotment till June 30, 2021

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Rolling returns have been calculated based on returns from regular plan growth option.

Pursuant to payments of Income Distribution cum Capital Withdrawal, the NAV of the IDCW option(s) of Schemes would fall to the extent of payout, and statutory levy, if any.

^ Fund Benchmark # Additional Benchmark

Scheme disclaimers

Fund Details

Things to know before you invest

What is in DSP Liquidity Fund?

This fund invests in high quality debt securities.
Invested instruments have upto 91-day maturity.

Why should one invest in DSP Liquidity Fund?

Suitable to invest 'idle' money or money earmarked for emergencies for a short time.
Can be a good vehicle to park money temporarily, while you systematically transfer or switch into equity funds over time.
Easier liquidity (ability to withdraw capital) vs bank FDs.
Low credit risk and interest rate risk.
Can be an alternative to Bank Savings Account.

Who should invest in DSP Liquidity Fund?

Consider this fund if you
- Are a relatively new debt market investor.
- Want to park money for a very short period of time & may need to withdraw suddenly.
- Have a very low tolerance for risk.

Rethink before you invest

This scheme carries Low to Moderate Risk.
Though fund may have lower credit & interest rate risk, it also mean that returns of the fund will be lower.

Fund managers:

Karan Mundhra

Total work experience of 18 years. Managing this fund since May 2021.

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Total work experience of 18 years. Managing this fund since May 2021.

arrow_forwardSee funds managed by him

Shalini Vasanta

Total work experience of 13 years. Managing this fund since August 2024.

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Total work experience of 13 years. Managing this fund since August 2024.

arrow_forwardSee funds managed by her

Kunal Khudania

Managing this fund since January 2026.

arrow_forwardSee funds managed by him

Managing this fund since January 2026.

arrow_forwardSee funds managed by him

Karan has a total work experience of over 9 years. He joined DSP Mutual Funds in April 2012 as part of Fund Administration team. In 2016, he joined the Fixed Income Investment team. He is a Chartered Accountant (ICAI India) and also holds a Bachelor of Commerce Degree.

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Shalini has a total work experience of over 11 years. She has been part of the Fixed Income Team at DSP Asset Managers since 2017. Shalini has also worked with ICRA Ltd. as a Credit Rating Analyst in their Large Corporate Group. She holds a Master of Business Administration (Finance) degree from NMIMS, Mumbai, and a B.A. (Hons.) in Economics & Statistics from St. Xavier's College, Mumbai.

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Kunal has a total work experience of over 9 years. He joined DSP Asset Managers in August 2022 as part of the credit team and then moved into Fixed Income Dealing. He has previously worked with Mirae Asset Investment Managers and Futures First Info Services. He is a Chartered Accountant (ICAI India) and also holds a Bachelor of Commerce Degree (Honors) from SRCC (Delhi University).

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Investment Objective

The primary investment objective of the Scheme is to seek to generate a reasonable return commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities.
There is no assurance that the investment objective of the Scheme will be realized.

Fund Type

Debt – Short-term

Liquid Fund

An open ended liquid scheme.
A relatively low interest rate risk and moderate credit risk.

Riskometer

Level of Risk in the fund

View details

Potential Risk Class Matrix : B-I

B-I is the potential risk class matrix of DSP Liquidity Fund based on interest rate & credit risk.

Minimum Investment

Lumpsum ₹ 100
SIP ₹ 100 (12 instalments)
Additional purchase ₹ 100

Tax Implications (Applies to redemptions or transfers made on or after April 1, 2025)

Taxation category - Specified Mutual Fund Sub Category - Unlisted Debt schemes

Holding period	Capital gain type	Applicable tax rate
Not Applicable	Long term	Not Applicable
Not Applicable	Short term	Applicable Rate

Mutual fund taxation is based on the fund's taxation category, sub-category, and holding period. The applicable tax rates are subject to prevailing tax laws, including surcharges, cess, and exemptions. Please consult a tax advisor for personalized guidance. View detailed tax guide

Transaction timelines

Purchase (including SIP) Redemption (including SWP) Switch-out (including STP-out) Switch-in (including STP-in) Instant Redemption

NAV You Get	Cut-off Time	Processing Timeline
Previous day's NAV (if money is received before cut-off)	1:30 PM (business days)	Units added to your folio on T+1 days (if money is received before cut-off).

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if request is placed before cut-off)	3:00 PM (business days)	Redemption processed on T+1 business days. Money credited to your bank account by T+1 business days.

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if request is placed before cut-off)	3:00 PM (business days)	Switch-out processed on T+1 business days

NAV You Get	Cut-off Time	Processing Timeline
NAV of this scheme	1:30 PM (business days)	Units added on T+1 business days after the switch-out from the source scheme.

NAV You Get	Cut-off Time	Processing Timeline
NA	NA	Money credited instantly.

Requests after cut-off are processed using next business day's NAV.
Business days: Monday to Friday (excluding public holidays).
No transactions are processed on weekends or public holidays. Click here to view the list of Non-Business Days.
T+1, T+3, T+5 refer to 1 / 3 / 5 working days after the transaction day.
Kindly note that the processing timeline for Switch-In transactions is governed by the TAT of the respective Switch-Out scheme. Hence the Switch-Out TAT should be referred to for estimating the Switch-In timeline.
For overnight and liqudity fund, for redemption and switch-out transaction receieved on Friday or a day before non-business day, the nav will be of latest available holiday nav