Returns as of: 27 October 2026
- ₹10,000 put in three years ago is worth ₹12,203 now
- 1-year return: 6.44%, higher than the category average of 6.06%
- 3-year return: 6.85% a year, higher than the category average of 6.49%
- Expense ratio (Direct plan): 0.20%, higher than the category average of 0.14%
- Assets: ₹77,481 crore at 30 September 2026
- Largest holding: 91 DAY T-BILL 05.11.26, 3.47% of the fund; the top ten are 28.46%
- Volatility over three years: 0.12% a year
A ₹10,000 investment in SBI Liquid Fund three years ago is worth ₹12,203 now. The fund returned 6.44% over the past year within the Debt – Liquid Fund category. The expense ratio is 0.20%. Assets were ₹77,481 crore at 30 September 2026.
SBI Liquid Fund: key details
| Fund house | SBI Mutual Fund |
| Category | Debt – Liquid Fund |
| Benchmark | Nifty Liquid Fund Index |
| Expense ratio (Direct plan) | 0.20% |
| Assets | ₹77,481 crore (30 September 2026) |
| Minimum investment | ₹500 |
| Minimum SIP | ₹500 |
| Exit load | 0.007% for Day 1, 0.0065% on Day 2, 0.0060% on Day 3, 0.0055% on Day 4, 0.0050% on Day 5, 0.0045% on Day 6, NIL on or after 7D |
| Fund managers | Rajeev Radhakrishnan |
SBI Liquid Fund: returns
| Period | Fund return | Category average | Rank in category |
|---|---|---|---|
| 1 week | 0.08% | – | – |
| 1 month | 0.45% | – | – |
| 3 months | 1.50% | – | – |
| 6 months | 3.16% | – | – |
| 1 year (a year) | 6.44% | 6.06% (43 funds) | 19 of 43 |
| 3 years (a year) | 6.85% | 6.49% (39 funds) | 27 of 39 |
| 5 years (a year) | 6.37% | – | – |
The 1-year return of 6.44% is higher than the category average of 6.06%. Over three years, the fund returned 6.85% a year, which is higher than the category average of 6.49%.
Assets over recent months
| Month | Assets (₹ crore) |
|---|---|
| 30 April 2026 | 74,571 |
| 31 May 2026 | 79,363 |
| 30 June 2026 | 71,448 |
| 31 July 2026 | 84,055 |
| 31 August 2026 | 92,192 |
| 30 September 2026 | 77,481 |
Volatility and largest fall
| Measure | Fund | Category median |
|---|---|---|
| Volatility (annualised) | 0.12% | 0.12% |
| Largest fall from a high (22 March 2026 to 23 March 2026) | −0.01% | −0.01% |
The fund recorded a volatility of 0.12% a year, which is the same as the category median. Its largest fall from a high was −0.01%, matching the category median of −0.01%.
Portfolio: top holdings
| Holding | Sector | Weight | Value (₹ crore) |
|---|---|---|---|
| 91 DAY T-BILL 05.11.26 | – | 3.47% | 2,686 |
| HDFC Bank Ltd. | – | 3.20% | 2,483 |
| Punjab National Bank | – | 3.20% | 2,482 |
| National Bank for Agriculture and Rural Development | – | 3.14% | 2,435 |
| Canara Bank | – | 2.83% | 2,195 |
| 364 DAY T-BILL 12.11.26 | – | 2.66% | 2,057 |
| Small Industries Development Bank of India | – | 2.57% | 1,991 |
| Reliance Retail Ventures Ltd. | – | 2.57% | 1,991 |
| Union Bank of India | – | 2.57% | 1,988 |
| 91 DAY T-BILL 15.10.26 | – | 2.25% | 1,747 |
| Sector | Weight |
|---|---|
| CDMDF | 0.26% |
| Type | Weight |
|---|---|
| Commercial Paper | 51.40% |
| Certificate of Deposit | 34.73% |
| Treasury Bills | 12.43% |
| Cash & Cash Equivalents and Net Assets | 0.67% |
| Corporate Debt | 0.37% |
| Alternative Investment Fund | 0.26% |
| Government Securities | 0.13% |
The ten largest holdings account for 28.46% of the fund. The largest holding is 91 DAY T-BILL 05.11.26 at 3.47%. Commercial Paper makes up 51.40% of the portfolio.
Objective
The scheme states its objective as follows.
To provide the investors an opportunity to invest in the entire range of debt and money market securities with residual maturity upto 91 days only.
Fund managers
| Name | Role | Experience |
|---|---|---|
| Rajeev Radhakrishnan | Head – Fixed Income | 10 Years |
SBI Liquid Fund: FAQs
What would ₹10,000 in the SBI Liquid Fund be worth today?
₹10,000 put into the Direct Growth plan on 27 October 2023 would have been worth ₹12,203 on 27 October 2026. This is what happened over those three years, not a forecast.
What is the return of the SBI Liquid Fund?
The Direct Growth plan returned 6.44% over one year to 27 October 2026, higher than the category average of 6.06%. Over three years it returned 6.85% a year.
What is the expense ratio of the SBI Liquid Fund?
The expense ratio of the Direct plan is 0.20%; the average for 44 Direct plans in the category is 0.14%.
How large is the SBI Liquid Fund?
Its assets were ₹77,481 crore at 30 September 2026.
What are the top holdings of the SBI Liquid Fund?
At 30 September 2026 the largest holdings were 91 DAY T-BILL 05.11.26 (3.47%), HDFC Bank Ltd. (3.20%), Punjab National Bank (3.20%). The top ten made up 28.46% of the fund.
Who manages the SBI Liquid Fund?
The fund is managed by Rajeev Radhakrishnan.
What is the minimum investment in the SBI Liquid Fund?
The minimum investment is ₹500. The minimum SIP is ₹500.
What is the exit load of the SBI Liquid Fund?
The scheme states its exit load as: 0.007% for Day 1, 0.0065% on Day 2, 0.0060% on Day 3, 0.0055% on Day 4, 0.0050% on Day 5, 0.0045% on Day 6, NIL on or after 7D
What is the benchmark of the SBI Liquid Fund?
The scheme’s benchmark is the Nifty Liquid Fund Index.
NAV, expense and portfolio data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.