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

Updated: 31 Aug 2026 • 2:42 pm

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

Abakkus Liquid Fund Direct Growth Plan has a current NAV of ₹104.251 as of 30 August 2026 and a scheme AUM of ₹483 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme is tagged as Balanced Risk.

Our view is that this is a short-horizon liquid portfolio with a conservative-looking asset mix, but the return record is still too short to build a meaningful track record. The portfolio is concentrated in cash equivalents, certificates of deposit, treasury bills and commercial paper, so the fund is shaped more by liquidity and short-duration instruments than by equity-style market swings.

Table of Contents

Quick facts

Metric	Value
NAV	₹104.251
AUM	₹483 Cr
Expense Ratio	0.0%
Launch Date	12 December 2025
Min SIP	₹500
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	Abhishek Srinivas; Sanjay Doshi

The fund is managed by Abhishek Srinivas and Sanjay Doshi.

Source data date: as of 30 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	0.49%	-0.85%
3M	1.61%	3.39%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The near-term pattern is mixed. Over 1 month, the fund has been steadier than the benchmark, which stayed negative over the same window. Over 3 months, the benchmark has moved ahead, so the fund has not been the stronger short-term performer across every recent stretch.

The daily pattern is important here because it looks calm rather than erratic. The fund has not shown sharp drawdowns in the observed periods, and that is consistent with a liquid strategy built around cash, repos, CDs and treasury bills.

Because the scheme was launched only in December 2025, the 1-year, 3-year and 5-year return fields are not available in a meaningful way yet. That means we can judge the fund’s early behaviour, but not its long-run compounding record. In that sense, the benchmark comparison is more useful for the recent windows than for any long-term verdict.

For investors, the key point is that the fund has behaved like a stability-oriented product in the short run, but the evidence base is still limited. We would treat the recent numbers as a starting point, not as proof of how the scheme will behave through a full market cycle.

Source data date: as of 30 Aug 2026

Should you BUY or HOLD Abakkus 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Abakkus Liquid Fund Direct Growth Plan	Data not available	Data not available	Data not available
Axis Liquid Fund Direct Growth Plan	6.5461%	7.0166%	6.3633%
Sundaram Liquid Fund Direct Growth Plan	6.5457%	7.0131%	6.3489%
Aditya Birla SL Liquid Fund Direct Growth Plan	6.5446%	7.0212%	6.3762%
JioBlackRock Liquid Fund Direct Growth Plan	6.5365%	Data not available	Data not available
DSP Liquid Fund Direct Growth Plan	6.5156%	6.9949%	6.3346%

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

The comparison is shaped by the fund’s short history. The current scheme cannot yet be compared on 1-year, 3-year or 5-year returns in the same way as the longer-running liquid funds, while the peer group is already showing mid-6% return profiles across those horizons. That makes the current fund look early-stage rather than fully established.

For the shorter windows, the fund’s early behaviour looks calm, but the peer funds with available history have clearly built more complete return records. The short-term numbers for this scheme are therefore more useful for observing stability than for matching it against older liquid funds on a long-term basis.

In our view, the comparison tells two different stories: the current fund appears measured and low-volatility in the recent period, while the peers with longer histories show what a mature liquid return profile has looked like over time. That difference matters for investors who want an established history rather than a newly launched portfolio.

Source data date: as of 30 Aug 2026

Portfolio: where your money goes

The market-cap mix is fully outside the equity spectrum: large-cap 0%, mid-cap 0%, small-cap 0% and other cap 100%. That is consistent with a liquid fund structure where the portfolio is built around non-equity instruments.

Sector	Weight	Top holdings
CASH & CASH EQUIVALENTS AND NET ASSETS	30.16%	CLEARING CORPORATION OF INDIA LTD (27.12%); TRIPARTY REPO (3.39%)
CERTIFICATE OF DEPOSIT	23.57%	AXIS BANK LIMITED (18/08/2026) ** # (1.86%); CANARA BANK (14/08/2026) # (1.68%)
TREASURY BILLS	22.1%	182 DAYS TBILL (MD 12/02/2026) (2.89%); 364 DAYS TBILL (MD 23/04/2026) (2.43%)
COMMERCIAL PAPER	20.4%	MOTILAL OSWAL FINANCIAL SERVICES LIMITED (11/05/2026) (1.98%); TATA CAPITAL HOUSING FINANCE LIMITED (13/07/2026) (1.85%)
CORPORATE DEBT	3.65%	6.09% POWER FINANCE CORPORATION LIMITED (27/08/2026) (0.97%); 7.8650% LIC HOUSING FINANCE LIMITED (20/08/2026) (0.87%)

The portfolio is dominated by short-duration and cash-style instruments rather than a single equity-like theme. The largest sector, cash and cash equivalents, is meaningfully higher than the other buckets, but the next three sectors are also substantial, which helps prevent the portfolio from leaning on just one sleeve.

Among the visible holdings, Clearing Corporation of India Ltd carries the single largest weight at 27.12%, so it is likely to have the greatest influence on day-to-day portfolio behaviour. Even so, that influence sits within a broader mix of treasury bills, certificates of deposit and commercial paper, which may support liquidity and limit large swings.

Our view is that the structure is consistent with a fund whose main job is to stay liquid and relatively steady. The 100% other-cap classification reinforces that this is not a market-cap-driven equity portfolio, and the overall balance suggests the cash and short-term debt components could remain the main drivers of returns.

Source data date: as of 30 Aug 2026

Who should invest

This fund suits investors who are comfortable with a low-to-moderate risk liquid strategy and who value short-term parking of money over long-horizon compounding. The Balanced Risk tag and the cash-heavy portfolio make it more relevant for investors seeking stability than for those searching for equity-like growth.

The main trade-off is that the structure may help preserve liquidity and keep day-to-day movement contained, but it does not yet have a long performance history to lean on. Investors with a short to medium holding horizon and a preference for relatively steady behaviour may find the setup more appropriate than those who need a mature multi-year record.

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

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 Abakkus Liquid Fund Direct Growth Plan?

The current NAV is ₹104.251 as of 30 August 2026.

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

The 1-year, 3-year and 5-year return figures are not available in a meaningful way yet because the scheme was launched on 12 December 2025.

How has the fund performed versus the benchmark recently?

Over 1 month, the fund has done better than the benchmark, while over 3 months the benchmark has been ahead.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

What is the risk category and what does the portfolio look like?

The fund is tagged as Balanced Risk. Its portfolio is concentrated in cash and cash equivalents, certificates of deposit, treasury bills, commercial paper and a small slice of corporate debt.

Who manages the fund and what is the exit load?

The fund is managed by Abhishek Srinivas and Sanjay Doshi. The exit load tapers from Day 1 through Day 6 and becomes nil on or after 7 days.

Bottom line

Abakkus Liquid Fund Direct Growth Plan has shown a calm short-term profile, but it is still too new for a meaningful long-term record. Compared with peer liquid funds that have longer histories, it does not yet offer the same multi-year return evidence, though its recent behaviour appears steady. The Balanced Risk tag, cash-heavy structure and focus on short-duration instruments make it more relevant for liquidity-led investors than for return-chasing ones.

Published on 31 August 2026 at 2:40 PM IST

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.