Parag Parikh Liquid Fund

Income-oriented debt or money-market exposure

The primary investment objective of the Scheme is to deliver reasonable market related returns with lower risk and high liquidity through judicious investments in money market and debt instruments. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.

How the money may be invested

Money Market instruments (including cash, repo, CPs, CDs, Treasury Bills, TREPs/CBLO and Government Securities with maturity/residual maturity up to 91 days) - 80-100% Debt instruments (including Floating rate debt instruments and securitised debt with maturity/residual maturity up to 91 days) - 0-20% (At least 20% of the net assets of the scheme shall be invested in liquid assets. ‘Liquid assets’ shall include Cash,Government Securities, T-bills and Repo on Government Securities.) “For detailed asset allocation, please refer to the Scheme Information Document (SID) available on the website.”

SEBI category

Liquid Fund

Fund type

An Open-ended Liquid Scheme. A Relatively Low Interest Rate Risk and Relatively low Credit Risk

Primary benchmark

CRISIL Liquid Debt A-I Index

Use the latest monthly portfolio

Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.

Manager and scheme tenure

Fund manager(s)

Mr. Tejas Soman , Ms. Mansi Kariya , Ms. Aishwarya Dhar

Manager tenure on this scheme

Since Mr. Tejas Soman - 01/09/2025, Ms. Mansi Kariya - 22/12/2023 , Ms. Aishwarya Dhar - 01/09/2025

Role / co-management

Mr. Tejas Soman - Primary , Ms. Mansi Kariya - Primary , Ms. Aishwarya Dhar - Primary

The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.

Latest NAV records

NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.

What you pay and how money moves

Stated expense ratio

Regular 0.21%, Direct 0.11%

Exit load

Day 1 -- 0.0070%, Day 2 -- 0.0065%, Day 3 -- 0.0060%, Day 4 -- 0.0055%, Day 5 -- 0.0050%, Day 6 -- 0.0045%, Day 7 onwards -- 0.0000%

Minimum application

5000 · multiples of 1

SIP frequency

SIP - Monthly/Quarterly, SWP - Monthly, STP -Daily/Weekly/Fortnightly/Monthly/Quarterly

Minimum SIP amount

SIP - Monthly: 1000/Quarterly : 3000, SWP - Monthly : 1000, STP -Daily/Weekly/Monthly: 1000 Fortnightly:1500 /Quarterly : 3000

Minimum instalments

SIP - Monthly - 6; Quarterly - 4, SWP - Monthly - 12, STP - Daily/ Weekly/Monthly-6; Fortnightly / Quarterly - 4

How a mutual-fund investment is paid

1. Complete KYCIdentity, PAN, bank and contact verification are required.
2. Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
3. Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
4. Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
5. Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.

Download and verify at source

The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.

Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.