Bajaj Finserv Liquid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bajaj Finserv Liquid Fund Direct Growth Plan has a NAV of ₹1237.234 as of 30 August 2026 and manages ₹8,322 Cr. Its 1-year, 3-year and 5-year returns are 6.4738%, 6.9801% and 0%, and the scheme sits in the Balanced Risk category.

Our view is that this is a cash-management style liquid fund with steady medium-term compounding, but the 5-year figure is not available as a meaningful return history because the scheme was launched on 05 July 2023. The portfolio is concentrated in certificates of deposit, commercial paper and treasury bills, so the return profile is likely to remain shaped more by short-duration money-market exposures than by equity-style swings.

Quick facts

The fund is managed by Siddharth Chaudhary, Nimesh Chandan and Chirag Shah.

Source data date: as of 30 Aug 2026

Performance

The fund has held up well over the 1-year window, with a positive return while the benchmark return for the same period is negative. That is a useful sign for investors who care about stability across changing short-term market conditions rather than chasing sharp upside.

The 3-year return is also ahead of the benchmark, and the gap is not dramatic, which tells us the scheme has delivered a steady but measured compounding path. The monthly and quarterly figures point to a smoother pattern rather than a high-volatility profile, though the 3-month period trails the benchmark even while the 1-month period recovers better.

Because the scheme launched in July 2023, there is no meaningful 5-year operating history to read through here. In practical terms, the available history suggests a fund that can participate in money-market returns without showing the kind of large swings investors would associate with riskier asset classes. That makes recent behaviour more consistent with a liquidity-oriented fund than with a return-chasing strategy.

Against the benchmark, the fund is ahead over 1 year and 3 years, but the shorter 3-month period is weaker. Our view is that this split is important: it shows the fund has not only benefited from broader rate conditions over time, but also that recent shorter windows can still vary from the longer trend.

Source data date: as of 30 Aug 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

In the 1-year window, the fund is close to the better numbers in the set, although a few peers are slightly ahead. That keeps the comparison tight and suggests the scheme is broadly in line with other liquid funds on near-term return delivery.

Over 3 years, the fund remains competitive, but the peers with available 3-year figures are a touch ahead. The 5-year column is not directly comparable for this scheme because it does not have a full 5-year return history, while the peers with available long histories show only a narrow spread among themselves.

So the shorter-term and longer-term comparison tell slightly different stories: the current fund is well placed on recent returns, yet the available longer-term peer data shows a modest edge for some peers. That difference is small, but it matters for investors who want consistency across multiple time frames rather than just one recent window.

Source data date: as of 30 Aug 2026

Portfolio: where your money goes

Market-cap distribution

The portfolio is entirely in the other-cap bucket, which is consistent with a liquid fund that relies on debt and money-market instruments rather than equity exposure. That structure usually supports lower portfolio volatility than balanced or equity funds, though the day-to-day return can still move with short-term rate conditions.

Among the sectors, certificate of deposit is the largest block at 44.11%, followed by commercial paper at 34.35% and treasury bills at 14.16%. The first sector is materially larger than the next one, so it is likely to have greater influence on the fund’s yield profile than the smaller sleeve allocations.

Our view is that certificate of deposit and commercial paper together set the tone for the portfolio, while treasury bills add an important short-duration government-backed layer. Corporate debt and cash together are much smaller, so they may act more as supporting positions than as the main return drivers.

Source data date: as of 30 Aug 2026

Who should invest

This fund fits investors who are comfortable with low-duration debt exposure and want a liquid-fund style vehicle rather than an equity or hybrid fund. The Balanced Risk label, along with the 100% other-cap allocation, points to a profile that is more about capital preservation and short-term parking than aggressive growth.

The return pattern suggests a steady but moderate outcome over 1 year and 3 years, with the benchmark comparison showing that the fund can stay competitive across different market phases. The trade-off is that the short-term return profile is designed to be measured, so investors should not expect sharp upside in exchange for a low-risk orientation.

For horizon, this is better suited to short-to-medium holding periods where liquidity matters and return stability is important. Investors who need a place to keep money available while still seeking modest compounding may find the structure relevant, but those looking for long-term growth from market-linked upside will likely need a different category.

Tax and exit load

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.
• No exit load after holding period.

Source data date: as of 30 Aug 2026

Frequently asked questions

What is the current NAV of Bajaj Finserv Liquid Fund Direct Growth Plan?

The current NAV is ₹1237.234 as of 30 August 2026.

What are the 1-year, 3-year and 5-year returns?

The 1-year return is 6.4738% and the 3-year return is 6.9801%. The 5-year return is not available as a meaningful full-period figure because the scheme launched in July 2023.

How has the fund performed versus the benchmark?

The fund is ahead of the benchmark over 1 year and 3 years. Over 3 months, the benchmark is ahead, so the relative picture changes across time frames.

How does the fund compare with peers on recent returns?

Its 1-year return is close to the better peer figures in the set, while its 3-year return is slightly behind some peers with available longer histories. The comparison remains tight across the group.

What is the minimum SIP amount?

The minimum SIP amount is ₹0.

Who manages the fund and what is the exit load?

The fund is managed by Siddharth Chaudhary, Nimesh Chandan and Chirag Shah. Exit load starts at 0.007% on Day 1 and reduces each day until NIL on or after 7 days.

Bottom line

Bajaj Finserv Liquid Fund Direct Growth Plan looks like a measured liquid-fund option with a steady 1-year and 3-year track record, while the very short-term pattern has been more mixed. Against peers, the recent return profile is broadly competitive, though some longer-history peers are a little ahead on 3-year and 5-year figures where those are available. The portfolio is dominated by certificates of deposit and commercial paper, so it remains tightly aligned with short-duration debt exposure and liquidity management.

Published on 31 August 2026 at 4:56 PM IST