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

Edelweiss Liquid Fund Direct Growth Plan has a NAV of ₹3669.0162 as of 03 Sep 2026 and a scheme AUM of ₹13,795 Cr. Its 1-year, 3-year and 5-year returns are 6.58%, 7.03% and 6.37% respectively, and the fund is tagged under Balanced Risk. Our view is that this is a steady liquid fund with returns that have stayed close to the benchmark over longer horizons, though recent performance has been mixed rather than sharply ahead.

The portfolio is built around short-duration money-market style instruments such as certificates of deposit, treasury bills, commercial paper and reverse repo. That mix may suit investors who want liquidity-oriented exposure with measured return ambition, not those looking for fast growth or equity-like upside.

Quick facts

The fund is managed by Rahul Dedhia and Hetul Raval.

Source data date: as of 03 Sep 2026

Performance

In the near term, the fund has held up better than the benchmark at the 1-month level, but it trails slightly over 3 months. That tells us the recent path has not been uniformly stronger than the benchmark, even though the fund kept positive returns while the benchmark was negative over 1 month.

The longer record looks more stable. The 3-year and 5-year figures are both close to the benchmark, with the fund ahead over 3 years and only marginally ahead over 5 years. That pattern suggests the fund has delivered consistency more than outperformance, which is usually what investors look for in a liquid fund.

The daily pattern behind those numbers also points to a relatively contained movement profile. We do not see the kind of deep swings that would suit a risk-seeking investor, and the return path looks more like gradual compounding than abrupt jumps. For short-duration parking of cash, that is usually the more useful behaviour.

Overall, the fund’s short-term results look a bit uneven, but the medium- to long-term picture remains orderly. Compared with the benchmark, it appears capable of staying close to the reference return line while preserving a liquid-fund style profile.

Source data date: as of 03 Sep 2026

Peer comparison

On the latest 1-year number, this fund sits just below the leading peer readings and is very close to the cluster around 6.6%. That is a narrow gap, so the short-term story is more about similarity than separation.

Over 3 years, the fund matches the best available peer readings in this set at 7.03%, which supports the view that its medium-term compounding has been competitive. Over 5 years, it remains close to the peer group as well, with only very small differences versus the other available funds.

The key distinction is that the shortest horizon shows a slight lag versus some peers, while the longer horizons point to a tightly grouped category where the fund has stayed in line with other liquid schemes. This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

The largest single holding is ICICI Bank CD Red 15-09-2026#** at 6.83%, which is meaningful but not outsized for a liquid fund. After that, the weights step down fairly quickly, with several positions clustered between roughly 2% and 4%.

The fall from the first holding to the tenth is moderate rather than abrupt, which suggests the portfolio is not overly reliant on one security. At the same time, the presence of multiple certificates of deposit, treasury bills and commercial paper positions may help keep the portfolio anchored in short-tenor instruments.

The top 10 holdings account for approximately 32.02% of the portfolio, and the scheme discloses 70 holdings in total. That combination points to a long tail beyond the largest names, so the visible holdings are important, but they are only part of the wider portfolio picture.

To see all holdings, visit the Edelweiss Liquid Fund Direct Growth Plan page

Source data date: as of 03 Sep 2026

Who should invest

This fund may suit investors who want a liquid-fund style holding with a measured return profile and do not need equity-like upside. The Balanced Risk label, along with the close tracking to the benchmark over longer periods, suggests a fit for people who value stability and relatively predictable short-duration exposure.

The main trade-off is that the fund is designed for steadiness, not aggressive return chasing. Its recent return path has been mixed versus the benchmark, so investors should be comfortable with occasional short-term variation while looking for a cleaner long-term cash-management profile.

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.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss Liquid Fund Direct Growth Plan?
Its NAV is ₹3669.0162 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The returns are 6.58% for 1 year, 7.03% for 3 years and 6.37% for 5 years.

How does the fund compare with its benchmark?
It is close to the benchmark over longer periods and slightly ahead over 3 years and 5 years. Over 1 month, it is ahead; over 3 months, it trails slightly.

How does it compare with peer liquid funds on recent returns?
Its 1-year return is near the peer cluster, while its 3-year and 5-year figures are broadly in line with the stronger available peer readings in this set.

Is there a minimum SIP for this fund?
Yes. The minimum SIP amount is ₹1,000.

Who manages the fund and what is the exit load?
The fund is managed by Rahul Dedhia and Hetul Raval. The exit load starts at 0.007% on Day 1, falls each day through Day 6, and becomes nil on or after 7 days.

Bottom line

Edelweiss Liquid Fund Direct Growth Plan has a steady longer-term return profile that stays close to the benchmark, while the shorter-term picture is a little more mixed. Compared with peers, its return numbers sit in the same narrow band as other liquid funds rather than separating sharply. The portfolio is built around CDs, treasury bills and commercial paper, which fits a liquidity-focused mandate. For investors seeking a controlled short-duration parking place with moderate risk tolerance, that combination is more relevant than headline excitement.

Published on 4 September 2026 at 10:05 AM IST