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

Unifi Liquid Fund Direct Growth Plan has a NAV of ₹1,075.8067 as of 15 Sep 2026 and scheme AUM of ₹51 Cr. Its 1-year, 3-year and 5-year returns are 5.9%, 0% and 0%, respectively, and the fund sits in the Balanced Risk category.

Our view is that this is a short-horizon, cash-like liquid fund whose return profile has been steady rather than aggressive. The combination of high treasury-style exposure, large certificate-of-deposit holdings and a low expense ratio makes it more about stability and liquidity management than strong compounding over longer holding periods.

Quick facts

Particular	Details
NAV	₹1,075.8067 as of 15 Sep 2026
AUM	₹51 Cr
Expense Ratio	0.14%
Launch Date	11 Jun 2025
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	Saravanan V N, Karthik Srinivas

The fund is managed by Saravanan V N and Karthik Srinivas.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.41%	-4.81%
3M	1.33%	-3.63%
1Y	5.9%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent performance has been positive but modest. Over 1 month and 3 months, the fund stayed in positive territory while the benchmark was negative, which points to a much steadier path than the index over those windows.

The 1-year return of 5.9% also compares well against the benchmark’s -8.27%. That gap suggests the fund has protected capital better than the benchmark during a weaker market backdrop, although the absolute return is still restrained for investors looking for growth beyond liquidity management.

The short history matters here. The scheme launched on 11 Jun 2025, so there is no 3-year or 5-year return to assess, and the chart pattern is better read as a liquid-fund-style steady climb with limited drawdown rather than a strong compounding track record. For investors, that means the fund’s role is likely preservation of money and short-term parking, not long-run wealth building.

Its recent behaviour does not materially change that message. The fund has been more resilient than the benchmark in weaker market phases, but the available record still points to a conservative return profile.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Unifi 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
Unifi Liquid Fund Direct Growth Plan	5.9%	Data not available	Data not available
Axis Liquid Fund Direct Growth Plan	6.59%	7.01%	6.39%
Aditya Birla SL Liquid Fund Direct Growth Plan	6.59%	7.02%	6.41%
Sundaram Liquid Fund Direct Growth Plan	6.58%	7%	6.38%
JioBlackRock Liquid Fund Direct Growth Plan	6.58%	Data not available	Data not available
Edelweiss Liquid Fund Direct Growth Plan	6.56%	7.01%	6.39%

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

On the latest 1-year figures, the fund trails the stronger peer returns by roughly 0.66% to 0.69%. That is not a dramatic gap, but it does show that the fund has been a little softer than the better short-term liquid-fund outcomes available in this peer set.

The longer-horizon comparison is limited by the fund’s recent launch. Several peers show 3-year and 5-year returns in the mid-6% to low-7% range, while this fund has no comparable history yet, so we cannot read its longer-term record in the same way. The short-term and longer-term peer pictures therefore tell different stories: the fund has a decent recent defensive profile, but the peer group with longer history shows a fuller compounding record.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS	Cash & Cash Equivalents and Net Assets	68.74%
Axis Bank Limited 10-Sep-2026 **	Certificate of Deposit	9.64%
Indian Bank 10-Sep-2026 **	Certificate of Deposit	9.64%
Canara Bank 15-Sep-2026 **	Certificate of Deposit	9.63%
Corporate Debt Market Development Fund – Class A2	Alternative Investment Fund	1.35%
Margin Money for Derivative/Treps	Cash & Cash Equivalents and Net Assets	0.71%

The largest holding, TREPS, accounts for 68.74% of the portfolio, which makes it the dominant liquidity anchor. The next three positions are each close to 9.6%, so the allocation falls sharply after the first line item and then stays clustered in a narrow band among the certificate-of-deposit positions.

Because the table discloses all holdings, we can see that the fund is built around a small number of liquid instruments rather than a long tail of many smaller positions. The top six holdings together account for 99.71% of the portfolio, which means the disclosed allocation is highly concentrated in practice, even though the underlying instruments are designed for cash management and short duration.

That structure may suit investors who want the portfolio to stay close to the liquidity end of the spectrum. It also suggests that the fund’s outcome is likely to depend more on short-term rate and money-market conditions than on broad market participation.

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors who are comfortable with a low-to-moderate risk liquid-fund profile and who want a place for short-term money rather than a growth-oriented equity allocation. The return pattern is steady but modest, and the benchmark comparison shows the fund has been more resilient than the index in recent weak stretches.

The main trade-off is clear: you get liquidity-focused stability and a portfolio dominated by very short-duration instruments, but you should not expect the kind of long-term compounding seen in more growth-oriented funds. The lack of 3-year and 5-year history also means investors need to judge it more as a parking vehicle than as a long track-record product.

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

The 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 7D.

Source data date: as of 15 Sep 2026

Frequently asked questions

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

The current NAV is ₹1,075.8067 as of 15 Sep 2026.

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

The fund’s 1-year return is 5.9%, while the 3-year and 5-year returns are Data not available.

How has the fund performed versus the benchmark?

It has held up better than the benchmark in the available periods. For example, the fund’s 1-year return is 5.9% versus the benchmark’s -8.27%.

How does it compare with peer liquid funds on 1-year return?

Its 1-year return of 5.9% is below the better peer figures in the comparison set, which are in the 6.56% to 6.59% range.

Is there a minimum SIP amount?

Yes. The minimum SIP amount is ₹1,000.

What are the portfolio style and exit load?

The portfolio is dominated by TREPS and certificate-of-deposit holdings, with TREPS at 68.74% and the next three positions each near 9.6%. The exit load falls from Day 1 to Day 6 and becomes NIL on or after 7D.

Bottom line

Unifi Liquid Fund Direct Growth Plan looks like a conservative, liquidity-first scheme with a steadier recent path than the benchmark, but without a long public record of 3-year or 5-year compounding. Against peers with longer history, its recent return is a little softer, while the portfolio remains heavily anchored in TREPS and short-term bank deposits. That makes it better suited to investors who value short-term stability and predictable parking of money than those seeking stronger long-term growth.

Published on 16 September 2026 at 5:57 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.