AlphaGrep Liquid Omni FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

AlphaGrep Liquid Omni FOF Direct Growth Plan is priced at ₹1006.9104 as of 17 September 2026 and has a scheme AUM of ₹12 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund carries a Medium Risk label. In our view, it looks like a very fresh debt category fund with a short history rather than a mature return record, so the investor case rests more on structure and portfolio design than on a long performance track record.

Since launch on 07 Aug 2026, the scheme has also moved with only a small day-to-day change in NAV. That makes it more relevant for conservative investors who want a debt-oriented allocation and can tolerate limited operating history, while still accepting that the current return history is too short to judge persistence.

Quick facts

Particular	Details
NAV	₹1,006.9104 as of 17 Sep 2026
AUM	₹12 Cr
Expense Ratio	0.0%
Launch Date	07 Aug 2026
Min SIP	₹500
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Debt
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	Ashish Jain

The fund is managed by Ashish Jain.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.48%	-3.66%
3M	Data not available	Data not available
1Y	0%	Data not available
3Y	0%	Data not available
5Y	0%	Data not available

Over the latest month, the fund has stayed flat while the benchmark has been weaker. That points to relatively stable near-term behaviour, which can matter in a debt-oriented product where investors usually look for steadier movement rather than sharp swings.

The longer-horizon return fields are still effectively blank because the fund was launched only in August 2026. Our view is that this makes the current record too short for a full compounding judgment, even though the short-term reading is better than the benchmark figure shown for the same month.

For now, the more useful takeaway is that the fund has not shown visible stress in its brief history, but it also has not built a multi-year record that would allow us to judge how it behaves through different market phases. That is a meaningful limitation for any investor who relies on historical consistency.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD AlphaGrep Liquid Omni FOF?

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 AlphaGrep Liquid Omni FOF? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
AlphaGrep Liquid Omni FOF Direct Growth Plan	0%	0%	0%
Nippon India Income Plus Arbitrage Omni FOF Direct Growth Plan	Data not available	Data not available	Data not available

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

The current fund and the peer shown here both lack a meaningful longer-return record in the figures available for comparison. That means the short-term comparison is more important than the multi-year one, and on that basis the fund’s latest monthly return is positive while the benchmark and the peer data set do not give us a richer trail to judge durability.

Because both schemes are newly visible in this comparison frame, we do not see evidence that one has already built a stronger 3-year or 5-year record than the other. The practical reading is that the fund’s case still depends on how its performance develops from here, not on a proven long-term spread over the peer set.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Mirae Asset Liquid Fund – Direct Plan – Growth	Domestic Mutual Funds Units	61.70%
Axis Liquid Fund – Direct Plan – Growth Option	Domestic Mutual Funds Units	23.46%
ICICI Prudential BSE Liquid Rate ETF – Growth	Domestic Mutual Funds Units	5.01%
Kotak Nifty 1D Rate Liquid ETF	Domestic Mutual Funds Units	4.51%
Reverse Repo	Cash & Cash Equivalents and Net Assets	3.83%
DSP BSE Liquid Rate ETF	Domestic Mutual Funds Units	1.72%

The largest holding is Mirae Asset Liquid Fund – Direct Plan – Growth at 61.70%, which is very large in absolute terms for a six-line portfolio. The next holding drops to 23.46%, and the weights then step down fairly quickly into single digits, which suggests the fund may be relying on a small set of liquid instruments rather than a wide spread of positions.

Because the portfolio lists only six disclosed holdings, the structure looks compact rather than deeply layered. The top six holdings together account for 100% of the disclosed portfolio, so the allocation appears concentrated within a short list of underlying liquid exposures and cash-like assets.

That concentration does not automatically imply higher risk, but it may mean the largest constituents could have greater influence on day-to-day movement than a more diversified tail would. For investors, the key point is that the portfolio is simple to read, yet it is not built from a long tail of small positions that would dilute the influence of the biggest allocations.

Source data date: as of 17 Sep 2026

Who should invest

This fund suits investors who are comfortable with a Medium Risk label but want a debt-oriented allocation that has shown a steady short-term start. The 1-month return is ahead of the benchmark figure shown for the same period, but the longer return fields are not yet established in a way that supports a full cycle view.

The main trade-off is clear: you get a newly launched structure with a concentrated underlying portfolio, but you give up the comfort of a long performance history. That makes the scheme more relevant for investors with a shorter-to-medium holding horizon who are comfortable with an early-stage record and prefer a simple liquid-oriented setup.

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 applies on a sliding basis for the first six days. It 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 and 0.0045% on Day 6; it is NIL on or after 7D, and no exit load applies after the holding period.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of AlphaGrep Liquid Omni FOF Direct Growth Plan?
The current NAV is ₹1006.9104 as of 17 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 0%, 0% and 0%.

How has it done against the benchmark recently?
For 1 month, the fund return is 0.48% while the benchmark return is -3.66%. That shows a better short-term reading than the benchmark in the latest month shown.

How does it compare with the peer shown here?
Both the fund and the peer shown here do not yet have meaningful long-return figures available for comparison, so the short-term reading matters more than multi-year comparison at this stage.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?
The fund is managed by Ashish Jain. Exit load reduces from 0.007% on Day 1 to 0.0045% on Day 6, and it is NIL on or after 7D.

Bottom line

AlphaGrep Liquid Omni FOF Direct Growth Plan is still too new for a full long-term read, so the early return record matters more than a mature compounding history. The latest month is better than the benchmark figure shown, while the longer-return fields remain unbuilt. The portfolio is also highly concentrated in a small set of liquid exposures, with the largest holding dominating the mix. That makes the fund easier to understand, but it also means investors are relying on a short history and a compact structure rather than a deep track record.

Published on 18 September 2026 at 8:29 AM 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.