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

Quantum Liquid Fund Direct Growth Plan currently has a NAV of ₹37.6973 as of 03 Sep 2026 and an AUM of ₹556 Cr. Its 1-year, 3-year and 5-year returns are 5.96%, 6.56% and 6% respectively, and the scheme sits in the Low Risk category. Our view is that it fits conservative investors who want liquid exposure with steady compounding rather than sharp market-linked moves.

The fund has stayed close to its benchmark over longer periods, while the recent 1-year figure is slightly ahead. The portfolio is built around short-duration money-market and debt instruments, which supports the low-volatility profile, though the return profile remains modest rather than standout.

Quick facts

Particular	Details
NAV	₹37.6973 as of 03 Sep 2026
AUM	₹556 Cr
Expense Ratio	0.15%
Launch Date	07 Apr 2006
Min SIP	₹500
Risk Category	Low 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	Sneha Pandey, Mayur Chauhan

The fund is managed by Sneha Pandey and Mayur Chauhan.

Source data date: as of 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.53%	-3.01%
3M	1.58%	1.95%
1Y	5.96%	-4.4%
3Y	6.56%	5.74%
5Y	6%	6.27%

The recent pattern is mixed but constructive. Over 1 month, the fund held a positive line while the benchmark slipped, which suggests some resilience in short-term cash-like conditions. Over 3 months, both the fund and benchmark were positive, but the benchmark was a touch stronger, so the fund did not pull ahead in that window.

The 1-year period is more striking because the fund stayed positive while the benchmark was negative. That points to the fund’s role as a defensive liquid option rather than a high-beta market proxy. For investors who use liquid funds as a parking place, the ability to avoid sharp drawdowns matters as much as the return level itself.

Over 3 years, the fund improved to 6.56% and stayed ahead of the benchmark’s 5.74%. Over 5 years, the picture narrows again: the fund’s 6% return sits just below the benchmark’s 6.27%. Our read is that the fund has offered steadier shorter-horizon behaviour, but its longer-horizon compounding has been close to, not clearly above, the benchmark.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Quantum 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
Quantum Liquid Fund Direct Growth Plan	5.96%	6.56%	6%
Axis Liquid Fund Direct Growth Plan	6.61%	7.03%	6.38%
Sundaram Liquid Fund Direct Growth Plan	6.61%	7.03%	6.37%
Aditya Birla SL Liquid Fund Direct Growth Plan	6.6%	7.03%	6.39%
JioBlackRock Liquid Fund Direct Growth Plan	6.6%	Data not available	Data not available
Edelweiss Liquid Fund Direct Growth Plan	6.58%	7.03%	6.37%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the recent numbers, the fund trails the better peer 1-year figures by a noticeable margin, even though it remains positive. Its 3-year return is also below the stronger peer readings, while the 5-year return is close to the peer cluster but still slightly softer than the leaders shown here.

That mix tells a clear story: the fund is more about consistency and low-volatility liquidity management than pushing to the front of the return pack. For investors comparing liquid funds on longer-horizon numbers, the gap versus the stronger peers is visible, but the difference is not extreme. The short-term return profile and the longer-term profile both point to a steady, defensive scheme rather than a return-maximising one.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
91 Days Tbill (MD 08/10/2026)	Treasury Bills	12.52%
National Bank for Agri & Rural CP (MD 09/11/2026)**	Commercial Paper	8.88%
91 Days Tbill (MD 01/10/2026)	Treasury Bills	8.06%
7.23% IRFC NCD SR 171 (MD 15/10/2026)	Corporate Debt	7.2%
Punjab National Bank CD (MD 15/09/2026)	Certificate of Deposit	7.17%
TREPS ^	Cash & Cash Equivalents and Net Assets	4.96%
364 Days Tbill (MD 08/10/2026)**	Treasury Bills	4.47%
Canara Bank CD (MD 05/10/2026)**	Certificate of Deposit	4.47%
91 Days Tbill (MD 05/11/2026)**	Treasury Bills	4.45%
Small Ind Dev BK of India CD (MD 27/10/2026)**	Certificate of Deposit	4.45%

The largest holding is 91 Days Tbill (MD 08/10/2026) at 12.52%, which is meaningful but not unusually dominant for a liquid fund. The drop from the first holding to the tenth is fairly measured, moving from 12.52% to 4.45%, so the portfolio does not depend on one position alone.

The top 10 holdings together account for approximately 66.63% of the portfolio. With 20 disclosed holdings in total, the fund appears spread across a reasonably long tail rather than concentrated in just a handful of names. That mix may help reduce the influence of any single instrument while still keeping the book focused on short-duration, high-quality money-market exposures.

Because the disclosed holdings are mostly treasury bills, certificates of deposit, commercial paper and a small amount of cash equivalents, the portfolio may support the fund’s low-volatility profile. The structure could also mean returns are likely to remain modest and closely tied to the reinvestment environment rather than to any aggressive duration or credit positioning.

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

Source data date: as of 03 Sep 2026

Who should invest

This fund suits investors with a low risk tolerance who want a liquid category scheme that prioritises stability over upside. The 1-year return has been steady and positive, the 3-year return is slightly better than the benchmark, and the 5-year return remains in a narrow band around benchmark-like outcomes.

It can make sense for a short to medium holding period where capital preservation and liquidity matter more than trying to beat equity-style returns. The main trade-off is that the return profile is restrained: the fund may help keep money parked with limited volatility, but it is unlikely to deliver dramatic gains.

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 very short holding periods: 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 7D. After the holding period, there is no exit load.

Source data date: as of 03 Sep 2026

Frequently asked questions

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

The current NAV is ₹37.6973 as of 03 Sep 2026.

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

The fund’s returns are 5.96% over 1 year, 6.56% over 3 years and 6% over 5 years.

How has the fund done versus its benchmark?

It has been mixed versus the benchmark. The fund was ahead over 1 year and 3 years, while the benchmark was slightly ahead over 5 years.

How does it compare with peer liquid funds?

Its recent and longer-term returns are a little softer than several peer liquid funds shown here, especially on the 1-year and 3-year numbers.

Is there a minimum SIP for this fund?

Yes. The minimum SIP amount is ₹500.

Who manages the fund and what kind of portfolio does it hold?

The fund is managed by Sneha Pandey and Mayur Chauhan. Its portfolio is dominated by treasury bills, certificates of deposit, commercial paper and other short-duration money-market instruments.

Bottom line

Quantum Liquid Fund Direct Growth Plan has delivered a steady, low-volatility return pattern rather than a pronounced outperformance story. It stayed positive when the benchmark was weak over 1 year, remained slightly ahead over 3 years, and was only a little behind over 5 years. The portfolio is anchored in treasury bills, CDs and commercial paper, which supports the low-risk profile and makes it suitable for investors who value liquidity and stability more than aggressive return chasing.

Published on 4 September 2026 at 4:09 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.