Parag Parikh Liquid Fund Direct Growth

Parag Parikh Liquid Fund Direct Growth

Debt

PPFAS Mutual Fund

Liquid

Get the latest NAV of Parag Parikh Liquid Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹1482.88

NAV as on 13 Oct 2025

5.45%/per year

Since Inception

Absolute Gain%

▲▼

2205 people have invested ₹ 24.6Cr in Parag Parikh Liquid Fund Direct Growth in the last three months

Parag Parikh Liquid Fund Performance vs. Liquid Index

Fund returns vs Benchmark returns vs Category Average returns as on (13-Oct-25)

The fund has consistently outperformed the benchmark (Liquid Index) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.47%
1.41%
2.98%
6.54%
6.73%
5.45%
Liquid Index
0.39%
1.22%
2.73%
5.74%
5.74%
4.73%
Liquid Avg
0.37%
1.22%
2.64%
5.95%
6.4%
5.18%
Best in Liquid
0.5%
1.49%
3.08%
6.91%
7.16%
5.97%
Worst in Liquid
0.45%
1.36%
2.88%
6.43%
6.69%
5.39%
Category Rank
19/24
20/23
22/23
22/23
24/24
--

Parag Parikh Liquid Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

21
/23
47% Performance
24% Risk Management
67% Cost

Ranked 21 out of 23 mutual funds in the liquid category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Parag Parikh Liquid Fund
21/23
3,867Cr
0.11%
6.54%
6.73%
-0.28
1.00
-0.16
-0.23
-4.41
Bajaj Finserv Liquid Fund Direct Growth
1/23
5,196Cr
0.11%
6.83%
-
--
--
--
--
--
Aditya Birla Sun Life Liquid Fund Direct Growth
2/23
49,803Cr
0.21%
6.89%
7.16%
--
1.50
3.20
27.00
1.91
Edelweiss Liquid Fund Direct Growth
3/23
8,491Cr
0.05%
6.88%
7.15%
0.01
1.40
3.39
23.18
2.05
See all

Parag Parikh Liquid Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Parag Parikh Liquid Fund Asset Allocation

See fund asset allocation details as on (14-Sep-25)

Fund Distribution

as on (14-Sep-25)

AAA
100%
Cash allocation has gone up from 99.7% to 99.8%
Cash allocation has gone up from 99.7% to 99.8%

Parag Parikh Liquid Fund Sector Allocation

See fund sector allocation details as on (14-Sep-25)

Sector Allocation

Cash Equivalent
64.3%
Corporate
32.6%
Government
3.1%

Top 2 Sectors in August were Corporate, Government

Aug'25

Corporate

39%

Government

9%

Jul'25

Corporate

36%

Government

7%

Parag Parikh Liquid Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.11%
Benchmark
NIFTY 50 Arbitrage TR INR
AUM₹3867 Cr
Inception Date11 May, 2018
Min Lumpsum/SIP₹5000/₹1000
Exit Load
0.0%
Lock InNo Lock-in
TurnOver
502.79%
Risk
Risk meter
pointer
Low to Moderate Risk

About Parag Parikh Liquid Fund

Parag Parikh Liquid Fund Direct Growth is a debt fund. This fund was started on 11 May, 2018. The fund is managed by Tejas Soman, Mansi Kariya, Aishwarya Dhar. This fund is suitable to keep your money safe.

Key Parameters

  1. Parag Parikh Liquid Fund Direct Growth has ₹3867 Cr worth of assets under management (AUM) as on Sep 2025 and is more than category average.
  2. The fund has an expense ratio 0.1.

Returns

Parag Parikh Liquid Fund Direct Growth has given a CAGR return of 5.45% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.54%, 6.73% and 5.45% respectively.

Holdings

Parag Parikh Liquid Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are Power Finance Corp Ltd., Axis Bank Limited, Bank Of Baroda, Kotak Mahindra Bank Limited 2025, Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)

Taxation

As it is a liquid mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Parag Parikh Liquid Fund Direct Growth

To deliver reasonable market related returns with lower risk and high liquidity through judicious investments in money market and debt instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Parag Parikh Liquid Fund Direct Growth has no lock in period.

Fund Manager

Tejas Soman

Fund Manager of Parag Parikh Liquid Fund Direct Growth, since 1 September 2025

Mansi Kariya

Fund Manager of Parag Parikh Liquid Fund Direct Growth, since 22 December 2023

Aishwarya Dhar

Fund Manager of Parag Parikh Liquid Fund Direct Growth, since 1 September 2025

Learn more about PPFAS Mutual Fund
Parameters
Aug'25
Jul'25
Jun'25
AUM
₹ 4K Cr
₹ 3.9K Cr
₹ 3.7K Cr
  • AUM of the fund stands at 4K Cr as of Aug'25
  • AUM increased by 171.8 Cr between Aug'25 and Jul'25

Frequently Asked Questions for Parag Parikh Liquid Fund Direct Growth

How do I invest in Parag Parikh Liquid Fund?

INDmoney makes it simple to invest in the Parag Parikh Liquid Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Parag Parikh Liquid Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Parag Parikh Liquid Fund?

The NAV of the fund today is ₹1482.88. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Parag Parikh Liquid Fund fund has generated a return of 6.54% in 1 year, 6.73% in 3 years, 5.45% in 5 years.

Who is the fund manager of Parag Parikh Liquid Fund?

The fund managers are Tejas Soman, Mansi Kariya, Aishwarya Dhar.

What is the exit load of the fund?

The exit load is 0.007% if redeemed in 0-1 Days, 0.0065% if redeemed in 1-2 Days, 0.006% if redeemed in 2-3 Days, 0.0055% if redeemed in 3-4 Days, 0.005% if redeemed in 4-5 Days, 0.0045% if redeemed in 5-6 Days. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.11%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹3867 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Parag Parikh Liquid Fund?

The top 3 holdings of the fund are Power Finance Corp Ltd.(3.83%), Axis Bank Limited(3.83%), Bank Of Baroda(3.22%)