DSP Liquidity Fund

Benchmark: CRISIL Liquid Debt A-I Index

2 lakh people have invested in this fund

Lumpsum Monthly SIP View performance details

Return:

Annualized

Absolute

This fund

CRISIL Liquid Debt A-I Index

CRISIL 1 Year T-Bill Index

team 2 lakh people have invested in this fund as of

Total AUM

₹22,480.43 crores
as of Apr 30, 2026

Age of Fund

28 years 2 months since Mar 11, 1998

Base Expense Ratio

0.18%
as of Jun 03, 2026

Exit Load

0.0070% If redeemed…

Ideal holding period

7 Days+

Credit rating profile	Weight %
SOVEREIGN	14.2 %
AAA	0.6 %
A1+	91.5 %

Instrument break-up	Weight %
Money market instruments	105.7 %
Bonds & NCDs	0.6 %

Holdings	Weight %
91 DAYS T-BILL 2026	3.5 %
91 DAYS T-BILL 2026	3.1 %
Small Industries Development Bank of India	2.4 %
Tata Steel Limited	2.2 %
Export-Import Bank of India	2.1 %
HDFC Bank Limited	1.8 %
National Bank for Agriculture and Rural Development	1.8 %
Bajaj Finance Limited	1.8 %
91 DAYS T-BILL 2026	1.7 %
Indian Bank	1.6 %
Reliance Retail Ventures Limited	1.5 %
Canara Bank	1.4 %
Union Bank of India	1.4 %
Union Bank of India	1.4 %
Union Bank of India	1.3 %
Reliance Retail Ventures Limited	1.3 %
RBL Bank Limited	1.3 %
Punjab National Bank	1.3 %
National Bank for Agriculture and Rural Development	1.3 %
Reliance Industries Limited	1.3 %
HDFC Bank Limited	1.3 %
RBL Bank Limited	1.3 %
91 DAYS T-BILL 2026	1.3 %
182 DAYS T-BILL 2026	1.3 %
Union Bank of India	1.2 %
364 DAYS T-BILL 2026	1.2 %
Titan Company Limited	1.2 %
Axis Bank Limited	1.2 %
Export-Import Bank of India	1.1 %
Angel One Limited	1.1 %
Reliance Retail Ventures Limited	1.1 %
Bajaj Housing Finance Limited	1.1 %
The Federal Bank Limited	1.1 %
Aditya Birla Housing Finance Limited	1.1 %
91 DAYS T-BILL 2026	0.9 %
Tata Housing Development Company Limited	0.9 %
National Bank for Agriculture and Rural Development	0.9 %
Axis Securities Limited	0.9 %
Reliance Retail Ventures Limited	0.9 %
Kotak Securities Limited	0.9 %
HDFC Bank Limited	0.9 %
Bajaj Finance Limited	0.9 %
National Bank for Agriculture and Rural Development	0.9 %
HDFC Bank Limited	0.9 %
Tata Capital Limited	0.9 %
Bajaj Finance Limited	0.9 %
Reliance Industries Limited	0.9 %
Birla Group Holdings Private Limited	0.9 %
Kotak Securities Limited	0.9 %
ICICI Securities Limited	0.9 %
Kotak Securities Limited	0.9 %
PNB Housing Finance Limited	0.9 %
Kotak Securities Limited	0.9 %
HDFC Bank Limited	0.9 %
NTPC Limited	0.9 %
Aditya Birla Capital Limited	0.9 %
Bank of Baroda	0.9 %
HDFC Securities Limited	0.9 %
Sundaram Finance Limited	0.9 %
Union Bank of India	0.9 %
Hindustan Petroleum Corporation Limited	0.9 %
Bank of Baroda	0.9 %
Bank of India	0.8 %
Aditya Birla Capital Limited	0.8 %
Canara Bank	0.8 %
HDFC Securities Limited	0.7 %
National Bank for Agriculture and Rural Development	0.7 %
Bharti Telecom Limited	0.7 %
Bank of Baroda	0.7 %
Godrej Properties Limited	0.7 %
SMFG India Credit Company Limited	0.7 %
Export-Import Bank of India	0.7 %
ICICI Securities Limited	0.7 %
Bank of India	0.7 %
IndusInd Bank Limited	0.7 %
Kisetsu Saison Finance (India) Private Limited	0.7 %
The Federal Bank Limited	0.7 %
Aditya Birla Capital Limited	0.6 %
Axis Bank Limited	0.6 %
Network18 Media & Investments Limited	0.6 %
182 DAYS T-BILL 2026	0.5 %
PNB Housing Finance Limited	0.4 %
91 DAYS T-BILL 2026	0.4 %
Kotak Securities Limited	0.4 %
Aditya Birla Real Estate Limited	0.4 %
Manappuram Finance Limited	0.4 %
Can Fin Homes Limited	0.4 %
Jamnagar Utilities & Power Private Limited	0.4 %
Aditya Birla Money Limited	0.4 %
Small Industries Development Bank of India	0.4 %
Sikka Ports & Terminals Limited	0.4 %
Manappuram Finance Limited	0.4 %
Axis Bank Limited	0.4 %
Karur Vysya Bank Limited	0.4 %
Karur Vysya Bank Limited	0.4 %
Cholamandalam Investment and Finance Company Limited	0.4 %
HDFC Bank Limited	0.4 %
Small Industries Development Bank of India	0.4 %
Tvs Credit Services Limited	0.4 %
Bank of Baroda	0.4 %
Bank of Baroda	0.4 %
Bajaj Housing Finance Limited	0.4 %
Export-Import Bank of India	0.4 %
Mirae Asset Financial Services (India) Private Limited	0.4 %
IDFC First Bank Limited	0.4 %
Infina Finance Private Limited	0.4 %
LIC Housing Finance Limited	0.4 %
Canara Bank	0.3 %
Godrej Industries Limited	0.3 %
Bank of India	0.3 %
Canara Bank	0.3 %
Godrej Industries Limited	0.3 %
Kotak Mahindra Bank Limited	0.2 %
Union Bank of India	0.2 %
Canara Bank	0.2 %
National Bank for Agriculture and Rural Development	0.2 %
Union Bank of India	0.2 %
CEAT Limited	0.2 %
CEAT Limited	0.2 %
Aditya Birla Money Limited	0.2 %
Reliance Retail Ventures Limited	0.2 %
Bank of Baroda	0.2 %
Canara Bank	0.2 %
Power Finance Corporation Limited	0.2 %
364 DAYS T-BILL 2026	0.2 %
Punjab National Bank	0.1 %
ICICI Securities Limited	0.1 %
HDFC Bank Limited	0.1 %
IndusInd Bank Limited	0.1 %
Union Bank of India	0.1 %
Canara Bank	0.1 %
182 DAYS T-BILL 2026	0.1 %
Axis Bank Limited	0.1 %
364 DAYS T-BILL 2026	0.1 %
182 DAYS T-BILL 2026	0.0 %
Cash & cash equivalents	-6.5 %
View All Holdings	99.8 %21.9 %

Holdings	Weight %
SBI Funds Management Pvt Ltd/Fund Parent	0.2 %
	0.2 %

Indicators

Yield to Maturity

6.73 %

Modified Duration

0.09 Years

Portfolio Macaulay Duration

0.09 Years

Average Maturity

0.09 Years

Total Expense Ratio

0.22 % as of Jun 03, 2026

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 Returnsas of with investment of₹10,000
As per SEBI format
As per IDCW history

	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%

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.

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Shalini Vasanta

Total work experience of 14 years. Managing this fund since August 2024.

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Total work experience of 14 years. Managing this fund since August 2024.

arrow_forwardView funds managed

Kunal Khudania

Managing this fund since January 2026.

arrow_forwardView funds managed

Managing this fund since January 2026.

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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

For lumpsum investments, if the investment period is less than 1 year then same return values are displayed for absolute & XIRR. For periods above 1 year, they are annualized. 1 Year is assumed as 365 days.
Returns for investments in income distribution cum capital withdrawal (IDCW) plans of schemes are calculated after assuming that the net income distribution cum capital withdrawal (IDCW) payouts post statutory taxes & levies, are re-invested back in the scheme.
Income distribution cum capital withdrawals (IDCW) declared from benchmark's constituents isn't taken into account when comparing with investment in scheme's income distribution cum capital withdrawal (IDCW) plans.
Performance is always compared against the latest benchmark of the scheme irrespective of the date of change of scheme's benchmark, if any.
Except when SIP tenure is since inception, for all tenures, the start day for SIP investments is considered as 1st of every month. There is no end date to SIPs for the purpose of graphs.
For the purpose of NAV date applicability, if the investment date happens to be a non-business day, next business day's NAV is applied. Investment on inception date can happen on a non-business day.
Gold prices are available post 29 JAN, 2005 & are based on daily closing values on MCX.
PPF interest rate is assumed at 8.7% p.a. & interest received is compounded daily for the returns illustration in the charts.
Tracking Difference is computed as the difference between the performance of the Scheme and its Benchmark in annualised term.
Tracking Difference shall be disclosed only if the Scheme has completed 1 year period.
Fund returns used for computation are net of TER and of Growth option and benchmark returns are of total return index.
For DSP NIFTY 1D Rate Liquid ETF, growth returns are computed based on IDCW plan assuming reinvestment of payouts but gross of statutory taxes & levies and net of TER.

For lumpsum investments, if the investment period is less than 1 year then same return values are displayed for absolute & XIRR. For periods above 1 year, they are annualized. 1 Year is assumed as 365 days.
Returns for investments in income distribution cum capital withdrawal (IDCW) plans of schemes are calculated after assuming that the net income distribution cum capital withdrawal (IDCW) payouts post statutory taxes & levies, are re-invested back in the scheme.
Income distribution cum capital withdrawals (IDCW) declared from benchmark's constituents isn't taken into account when comparing with investment in fund's income distribution cum capital withdrawal (IDCW) plans.
Performance is always compared against the latest benchmark of the fund irrespective of the date of change of fund's benchmark, if any.
Except when SIP tenure is since inception, for all tenures, the start day for SIP investments is considered as 1st of every month. There is no end date to SIPs for the purpose of graphs.
For the purpose of NAV date applicability, if the investment date happens to be a non-business day, next business day's NAV is applied. Investment on inception date can happen on a non-business day.
Gold prices are available post 29 JAN, 2005 & are based on daily closing values on MCX.
Investment in gold has a strong global market demand and gold is highly liquid asset.
PPF interest rate is assumed at 8.7% p.a. & interest received is compounded daily for the returns illustration in the charts.
The comparison with PPF (and other traditional saving instruments/assets) has been given for the purpose of the general information only. Investments in mutual funds should not be construed as a promise, guarantee on or a forecast of any minimum returns. Unlike traditional saving instruments there is no capital protection guarantee or assurance of any return in mutual fund investment. Traditional savings instruments are comparatively low risk products and are generally backed by the Government. Investment in mutual funds carries high risk as compared to the traditional saving instruments and any investment decision needs to be taken only after consulting the Tax Consultant or Mutual Fund Distributor.
Past performance may or may not sustain in future and should not be used as a basis for comparison with other investments. There is no assurance of any returns/capital protection/capital guarantee to the investors in any scheme of DSP Mutual Fund.
The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation of the same and the Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s).
The investment approach / framework/ strategy / portfolio / other data mentioned herein are dated and currently followed by the scheme and the same may change in future depending on market conditions and other factors.
The SIP returns are calculated by XIRR approach assuming investment of Rs. 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash infows and outflows with the correct allowance for the time impact of the transactions. Load is not taken into consideration for computation of performance.

Holdings	Weight %
Total (%)

Sector	Weight %
Total (%)

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DSP Liquidity Fund

Portfolio as of Apr 30, 2026

Indicators

Performance

Invested Amount

Invested Amount

Fund Details

Fund Details

Things to know before you invest

What is in DSP Liquidity Fund?

Why should one invest in DSP Liquidity Fund?

Who should invest in DSP Liquidity Fund?

Rethink before you invest

Fund managers:

Investment Objective

Fund Type

Riskometer

Minimum Investment

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

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