Shriram Liquid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 15, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Shriram Liquid Fund Direct Growth Plan has a NAV of ₹1122.1638 as of 14 Sep 2026 and an AUM of ₹496 Cr. Its 1-year, 3-year and 5-year returns are 6.35%, 0%, and 0%, and the fund sits in the Balanced Risk category. Our view is that it behaves like a short-duration cash-management fund rather than a return-chasing option, so it may suit investors who value liquidity, a low expense ratio, and a portfolio built largely from treasury bills, certificates of deposit and commercial paper.
The scheme has a direct-growth structure, a low expense ratio of 0.12%, and a portfolio that is tilted toward high-quality money-market instruments. Recent performance has been steady rather than exciting, while the longer-run return record is still too short to judge on a 3-year or 5-year basis. For investors who want park-and-withdraw flexibility with limited portfolio complexity, it may be a practical fit.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹1,122.1638 as of 14 Sep 2026 |
| AUM | ₹496 Cr |
| Expense Ratio | 0.12% |
| Launch Date | 14 Nov 2024 |
| Min SIP | ₹1,000 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Liquid |
| 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 | Amit Modani, Sudip More |
The fund is managed by Amit Modani and Sudip More.
Source data date: as of 14 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.52% | -3.66% |
| 3M | 1.61% | -1.91% |
| 1Y | 6.35% | -7.62% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is orderly rather than volatile. Over 1M and 3M, the fund stayed positive while the benchmark remained negative, which points to a much calmer return path over the latest market stretch.
The 1-year figure is the most useful anchor here. At 6.35%, the fund has produced a positive outcome while the benchmark is still negative over the same period, so the scheme has clearly held up better in this window.
We would treat the longer-run picture with caution because the fund was launched only in November 2024, which leaves 3-year and 5-year figures unavailable. That means the current record is useful for observing short-horizon stability, but not enough to assess full-cycle consistency.
On the available evidence, the fund looks designed more for capital preservation and liquidity management than for aggressive growth. The time pattern also suggests that the return stream has been relatively smooth, which is usually what investors seek from a liquid category holding.
Source data date: as of 14 Sep 2026
Should you BUY or HOLD Shriram Liquid?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Shriram Liquid? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Shriram Liquid Fund Direct Growth Plan | 6.35% | Data not available | Data not available |
| Aditya Birla SL Liquid Fund Direct Growth Plan | 6.6% | 7.02% | 6.41% |
| Axis Liquid Fund Direct Growth Plan | 6.6% | 7.02% | 6.4% |
| Sundaram Liquid Fund Direct Growth Plan | 6.6% | 7.01% | 6.38% |
| JioBlackRock Liquid Fund Direct Growth Plan | 6.59% | Data not available | Data not available |
| Edelweiss Liquid Fund Direct Growth Plan | 6.57% | 7.02% | 6.39% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year figures, the fund trails the stronger peer readings by a small margin, with several peers clustered around 6.57% to 6.6%.
The longer-term comparison is harder to make directly because this scheme does not yet have 3-year or 5-year figures, while the established peers do. Among those peers, the 3-year and 5-year numbers sit in a fairly tight band, so the current fund’s shorter record does not yet show whether it can match that steadiness over a full cycle.
That split matters. The short-term reading says the fund has stayed positive, but the peer set with longer histories shows a deeper compounding track record. For investors, that means the fund’s recent resilience is visible, yet the longer-horizon peer record remains the more complete reference point.
Source data date: as of 14 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 91 Days Tbill Red 10-09-2026 | Treasury Bills | 6.03% |
| Axis Bank Ltd CD Red 02-09-2026 ** # | Certificate of Deposit | 5.03% |
| Canara Bank CD Red 15-09-2026 ** # | Certificate of Deposit | 5.02% |
| LIC HSG Fin CP Red 17-09-2026 ** | Commercial Paper | 5.02% |
| Kotak Securities Ltd CP Red 24-09-2026 ** | Commercial Paper | 5.01% |
| Net Receivables / (Payables) | Cash & Cash Equivalents and Net Assets | 5.01% |
| 91 Days Tbill Red 12-11-2026 | Treasury Bills | 4.98% |
| 91 Days Tbill Red 27-11-2026 | Treasury Bills | 4.97% |
| Bank of Baroda CD Red 11-11-26 ** # | Certificate of Deposit | 4.97% |
| HDFC Bank CD Red 06-11-2026 ** # | Certificate of Deposit | 4.97% |
The largest holding is a 6.03% allocation to a 91-day treasury bill, which is a modest single-position size for a liquid fund. The next nine holdings are tightly grouped around the 5% mark, so there is no sharp drop-off from the first holding to the tenth.
The top ten disclosed holdings together account for 51.01% of the portfolio, while the full disclosed list contains 23 holdings. That suggests the fund is not concentrated in one or two outsized bets, but it is also not fully spread evenly; a meaningful share of assets sits in a relatively compact core of short-dated instruments.
Because the remaining holdings are not shown here, we would read the visible book as a stable liquidity sleeve with several similar-sized positions rather than a sharply skewed portfolio. That structure may help keep the fund’s day-to-day behaviour steady, especially when maturities are staggered across treasury bills, CDs and commercial paper.
To see all holdings, visit the Shriram Liquid Fund Direct Growth Plan page
Source data date: as of 14 Sep 2026
Who should invest
This fund is most suitable for investors with a low-to-moderate tolerance for portfolio swings and a short holding horizon where liquidity matters more than upside. The Balanced Risk label should be read alongside the short-horizon return pattern, which has stayed positive against a negative benchmark backdrop.
Its main trade-off is simple: the fund offers stability and accessibility, but the return profile is modest and the 3-year and 5-year track record is not yet available. Investors comparing it with liquid-fund peers may prefer it when they want a calm, cash-like parking option rather than a fund chosen for higher long-run compounding.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load is 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, and nil on or after 7 days. There is no exit load after the holding period.
Source data date: as of 14 Sep 2026
Frequently asked questions
What is the current NAV of Shriram Liquid Fund Direct Growth Plan?
Its NAV is ₹1122.1638 as of 14 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 6.35%, while the 3-year and 5-year returns are not available because the scheme is still too new for those periods.
How has it compared with the benchmark?
For 1M, 3M and 1Y, the fund has stayed positive while the benchmark return has been negative over the same horizons. That points to a steadier recent path than the benchmark.
How does it compare with peer liquid funds on available return data?
Its 1-year return is a little below several peers that are clustered around 6.57% to 6.6%. The longer-term comparison is limited because this scheme does not yet have 3-year or 5-year figures.
What is the minimum SIP amount?
The minimum SIP amount is ₹1000.
What are the fund manager names and exit load rules?
The fund is managed by Amit Modani and Sudip More. Exit load starts at 0.007% on Day 1 and reduces daily until it becomes nil on or after 7 days.
Bottom line
Shriram Liquid Fund Direct Growth Plan has a short but clear record: recent returns are positive, and they have held up better than the benchmark over the latest 1M, 3M and 1Y periods. Its peer comparison is less complete on longer horizons because those figures are not yet available for this scheme, while established peers show more history. The portfolio is built around treasury bills, CDs and commercial paper, which supports a liquidity-first profile. For investors seeking a calm short-term parking option, the fund fits that brief better than a return-maximisation story.
Published on 15 September 2026 at 4:20 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.