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

Bajaj Finserv Liquid Fund Direct Growth Plan has an NAV of ₹1,241.0375 as of 17 Sep 2026 and a scheme AUM of ₹8,588 Cr. Its 1-year, 3-year and 5-year returns are 6.51%, 6.97% and 0%, and the scheme is tagged under Balanced Risk.

Our view is that this looks like a liquid-fund style portfolio with steady but not standout compounding over longer windows, plus short-term behaviour that has been more stable than the benchmark. That makes it more relevant for investors who want short-duration cash management rather than return chasing.

Quick facts

Particular	Details
NAV	₹1,241.0375 as of 17 Sep 2026
AUM	₹8,588 Cr
Expense Ratio	0.11%
Launch Date	05 Jul 2023
Risk Category	Balanced Risk
Benchmark	Nifty 50
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	Siddharth Chaudhary, Nimesh Chandan, Chirag Shah

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

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.51%	-3.66%
3M	1.62%	-3.71%
1Y	6.51%	-7.13%
3Y	6.97%	5.82%
5Y	Data not available	Data not available

The one-month and three-month numbers show a modest positive trend for the fund while the benchmark stayed negative, so the scheme has held up better over the near term. That is useful for a liquid-style portfolio, where stability and capital preservation matter more than aggressive upside.

Over one year, the fund’s 6.51% return remains comfortably ahead of the benchmark’s -7.13%, which tells us the benchmark has been a weak comparison base in the recent period. The fund has still produced positive returns, but the gap is more about the benchmark’s drawdown than a sharp outperformance story.

On a three-year view, the fund has delivered 6.97% against the benchmark’s 5.82%. That suggests the longer-term pattern is still positive, though not by a wide margin. Because the scheme launched in July 2023, there is no meaningful five-year track record here, so we would place more weight on the one-year and three-year behaviour when judging consistency.

The pattern across the series is fairly contained rather than volatile. For investors, that usually matters more in a cash-management fund than a big short-term jump, because the goal is to limit unnecessary swings while keeping returns competitive for the category.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Bajaj Finserv 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
Bajaj Finserv Liquid Fund Direct Growth Plan	6.51%	6.97%	Data not available
Aditya Birla SL Liquid Fund Direct Growth Plan	6.59%	7.02%	6.41%
Axis Liquid Fund Direct Growth Plan	6.59%	7.01%	6.4%
Sundaram Liquid Fund Direct Growth Plan	6.58%	7%	6.38%
JioBlackRock Liquid Fund Direct Growth Plan	6.57%	Data not available	Data not available
Nippon India Liquid Fund Direct Growth Plan	6.56%	6.99%	6.37%

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

The fund’s 1-year return is close to the better peer readings, but several peers are marginally ahead on the same horizon. On the three-year number, the gap is also small, with the fund slightly below the strongest available peer readings. That makes the comparison look competitive rather than clearly superior.

The five-year column is not available for this scheme because it is a relatively recent launch, while several peers have complete five-year numbers in the mid-6% range. So the short-term comparison says the fund has kept pace reasonably well, but the longer-history comparison is still more limited than for older peers.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	8.73%
91 Days Tbill (MD 29/10/2026)	Treasury Bills	5.77%
Small Industries Dev Bank of India (03/09/2026)	Commercial Paper	4.89%
91 Days Tbill (MD 27/11/2026)	Treasury Bills	3.45%
Indian Bank (30/10/2026)**	Certificate of Deposit	2.59%
Export Import Bank of India (07/09/2026) **	Commercial Paper	2.33%
HDFC Bank Limited (06/11/2026)**	Certificate of Deposit	2.01%
364 Days Tbill (MD 02/10/2026)	Treasury Bills	1.91%
7.23% Indian Railway Finance Corporation Limited (15/10/2026)	Corporate Debt	1.75%
Punjab National Bank (01/10/2026)**	Certificate of Deposit	1.74%

The top 10 holdings account for approximately 35.17% of the portfolio.

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

The largest holding is Clearing Corporation of India Ltd at 8.73%, which is meaningful but not dominating on its own. The next few positions step down gradually, with the top four holdings still all above 3%, so the portfolio does not rely on a single large exposure.

The gap from the largest holding to the tenth holding is visible, but the decline is not abrupt. That usually points to a measured short-term allocation pattern, with several smaller positions contributing rather than one position carrying the entire portfolio.

Because the top 10 account for 35.17% and the scheme discloses 80 holdings in total, the rest of the portfolio likely sits in a fairly long tail of smaller lines. On balance, that can reduce dependence on any one holding, while still leaving the largest positions important for day-to-day portfolio behaviour.

Source data date: as of 17 Sep 2026

Who should invest

This fund fits investors who are comfortable with a Balanced Risk label and want a short-duration parking option rather than a high-growth equity substitute. The one-year and three-year returns are positive, and both have stayed ahead of the benchmark, which supports the idea that the scheme has been relatively stable for its purpose.

The trade-off is that the fund’s return pattern looks steady rather than exciting, and it does not have a five-year history because it launched in July 2023. Investors who want lower volatility, limited duration sensitivity and a liquid-fund style portfolio may find that more relevant than headline upside.

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.

Source data date: as of 17 Sep 2026

Frequently asked questions

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

The current NAV is ₹1,241.0375 as of 17 Sep 2026.

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

The 1-year return is 6.51%, the 3-year return is 6.97%, and the 5-year return is Data not available because the scheme is too recent for a five-year track record.

How has the fund compared with the benchmark?

The fund has outpaced the benchmark in the 1-month, 3-month, 1-year and 3-year periods shown here. The benchmark has been negative over the shorter horizons, while the fund has stayed positive.

How does the fund compare with peers on available returns?

The fund is broadly in line with the peer group on the 1-year and 3-year numbers, though a few peers are marginally ahead. Its five-year comparison is not available because the scheme has not been running that long.

Is there a minimum SIP amount mentioned?

No minimum SIP amount is listed here. The fund does allow SIP investment, but a minimum SIP figure is not available in the disclosed details.

Who manages the fund and what is the exit load?

The fund is managed by Siddharth Chaudhary, Nimesh Chandan and Chirag Shah. The exit load reduces from Day 1 through Day 6 and becomes NIL on or after 7D.

Bottom line

Bajaj Finserv Liquid Fund Direct Growth Plan shows a steadier recent pattern than its benchmark, and its 3-year return also stays ahead of the benchmark with only a modest gap. Against peers, the fund sits in a similar return band rather than separating itself decisively. The portfolio is spread across 80 holdings, with the top 10 accounting for 35.17%, so no single line appears to dominate the scheme. Overall, this looks more suitable for investors who want a liquid-fund style allocation with contained movement than for those seeking standout upside.

Published on 18 September 2026 at 1:59 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.