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

WOC Liquid Fund Direct Growth Plan has a NAV of ₹1,521.3807 as of 15 September 2026 and an AUM of ₹742 Cr. Its 1-year, 3-year and 5-year returns are 6.42%, 6.86% and 6.18% respectively, and it sits in the Balanced Risk category. In our view, that profile suits investors who want liquid-fund exposure with a steadier return pattern rather than sharp swings.

The fund’s return trail is close to its benchmark over longer periods, but it has been more resilient over the recent 1-year, 3-month and 1-month windows. The portfolio is built around short-dated money-market and debt instruments, which supports liquidity and may help keep day-to-day volatility contained.

Quick facts

Particular	Details
NAV	₹1,521.3807 as of 15 Sep 2026
AUM	₹742 Cr
Expense Ratio	0.21%
Launch Date	16 Jan 2019
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	Piyush Baranwal

The fund is managed by Piyush Baranwal.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.52%	-4.81%
3M	1.61%	-3.63%
1Y	6.42%	-8.27%
3Y	6.86%	5.59%
5Y	6.18%	5.58%

Over the short term, the fund has held up better than the benchmark, which has been weak across 1M, 3M and 1Y. That gap tells us the fund has delivered a much smoother return path recently, while the benchmark has stayed under pressure.

The longer view is more balanced. At 3Y and 5Y, the fund is ahead of the benchmark, but the margin is not dramatic. That points to a scheme that has added value steadily rather than through sudden bursts of outperformance.

The monthly and quarterly pattern also suggests limited drawdown-like behaviour for a liquid strategy, with the fund showing small positive movement while the benchmark stayed negative. For investors, that matters more than headline excitement because the role of a liquid fund is to preserve stability and provide ready access to cash-like exposure.

At the same time, the 5Y return is lower than the 3Y return, which tells us the recent period has not accelerated materially beyond the medium-term pace. Our view is that the fund has been consistent, but not a high-growth product, and the benchmark comparison supports that reading.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD WOC 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.

Already holding WOC Liquid? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
WOC Liquid Fund Direct Growth Plan	6.42%	6.86%	6.18%
Axis Liquid Fund Direct Growth Plan	6.6%	7.02%	6.4%
Sundaram Liquid Fund Direct Growth Plan	6.6%	7.01%	6.38%
Aditya Birla SL Liquid Fund Direct Growth Plan	6.59%	7.02%	6.41%
JioBlackRock Liquid Fund Direct Growth Plan	6.58%	Data not available	Data not available
Edelweiss Liquid Fund Direct Growth Plan	6.57%	7.02%	6.39%

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

Against the peer set, the fund’s 1Y return is slightly below the better recent numbers, which cluster around 6.57% to 6.60%. The difference is small, but it shows the scheme has been steady rather than the most aggressive mover in the group.

The 3Y and 5Y figures are also a little softer than the stronger peer readings shown here, where several schemes are near 7% on a 3Y basis and around 6.4% on 5Y. That means the fund’s longer-term delivery is solid, though not quite as high as the stronger figures in this peer set.

Short-term and longer-term comparisons tell a similar story: the fund has been consistent, but the peer table shows a modest gap in favour of some alternatives on both recent and medium-term horizons.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	8.26%
91 Days Tbill (MD 27/11/2026)	Treasury Bills	6.34%
Canara Bank (05/10/2026) ** #	Certificate of Deposit	6.02%
Kotak Securities Limited (24/09/2026) **	Commercial Paper	5.83%
HDFC Bank Limited (21/09/2026) ** #	Certificate of Deposit	4.29%
7.44% Small Industries Dev Bank of India (04/09/2026) **	Corporate Debt	3.37%
ICICI Securities Limited (15/09/2026) **	Commercial Paper	3.36%
National Bank for Agriculture and Rural Development (10/09/2026) **	Commercial Paper	3.36%
Small Industries Dev Bank of India (28/09/2026) **	Commercial Paper	3.35%
Union Bank of India (23/09/2026) ** #	Certificate of Deposit	3.35%

The top 10 holdings account for approximately 47.53% of the portfolio.

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

The largest holding is Clearing Corporation of India Ltd at 8.26%, which is meaningful but not dominant. The next few positions step down gradually into treasury bills, certificates of deposit and commercial paper, so the portfolio does not rely on a single instrument.

The weight gap from the largest holding to the tenth is moderate, not extreme. That pattern suggests the portfolio may spread influence across several short-dated positions rather than concentrating it in one or two large bets.

With 47.53% of the portfolio covered by the top 10 holdings and 28 disclosed holdings in total, the structure appears reasonably diversified for a liquid fund while still keeping a meaningful share in the most liquid instruments. That balance could help the scheme maintain stability and day-to-day liquidity.

Source data date: as of 15 Sep 2026

Who should invest

This fund may suit investors who want a liquid strategy with a steady return profile and are comfortable with a Balanced Risk label rather than ultra-low variability language. Its 1Y, 3Y and 5Y numbers show consistent compounding, and the recent period has been more resilient than the benchmark, which may appeal to investors seeking a parking place for short- to medium-term cash flows.

The main trade-off is that the fund has not tried to chase high upside. Its portfolio is tilted toward short-dated cash, treasury and debt instruments, so the likely benefit is stability and access, not standout growth. Investors with a short horizon, a need for liquidity, or a preference for measured return consistency may find the profile more relevant than those seeking stronger equity-like 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 a sliding scale: 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 WOC Liquid Fund Direct Growth Plan?

The current NAV is ₹1,521.3807 as of 15 September 2026.

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

The fund’s returns are 6.42% for 1 year, 6.86% for 3 years and 6.18% for 5 years.

How does the fund compare with its benchmark?

It has done better than the benchmark over 1M, 3M and 1Y, while also staying ahead over 3Y and 5Y. The gap is especially visible in the recent periods, where the benchmark has been negative.

How does it compare with other liquid funds shown here?

The fund is slightly below the stronger recent and medium-term figures in this peer set. Several peers show marginally higher 1Y, 3Y and 5Y returns, although the differences are narrow.

Is there a minimum SIP amount?

Yes. The minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?

The fund is managed by Piyush Baranwal. 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.

Bottom line

WOC Liquid Fund Direct Growth Plan has been steady rather than dramatic. Its recent returns look cleaner than the benchmark, while the 3Y and 5Y figures show a consistent but moderate compounding path. Against the peer set, the fund sits a little below the stronger readings, but not by a wide margin. The portfolio is anchored in short-dated cash, treasury and debt instruments, which supports the fund’s role as a liquidity-focused holding for investors who value stability over higher upside.

Published on 16 September 2026 at 9:56 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.