Axis Liquid Fund leads liquid mutual funds in one-year CAGR returns; delivers 6.3% gain
Axis Liquid Fund delivered 6.3% CAGR returns over the last one year and 6.9% CAGR over three years, according to ACE MF data on June 23.
Alpha Desk
June 24, 2026 / 10:40 IST
The one-year CAGR return chart for the liquid mutual fund category is led by Axis Liquid Fund, which delivered 6.3 percent. Franklin India Liquid Fund-Super Inst and Bank of India Liquid Fund occupy the next two positions with returns of 6.3 percent and 6.3 percent, respectively.
The ranking considers only schemes with assets under management of at least Rs 1,500 crore. Among the top five funds that meet this criterion, Axis Liquid Fund has the largest corpus at Rs 56,167.8 crore.
Comparable benchmark return data was not available for the selected return windows.
A different fund moves to the top when the one-month window is used. Franklin India Liquid Fund-Super Inst leads this comparison with 0.6 percent.
The same scheme also stays ahead on the three-month return chart. Axis Liquid Fund delivered 1.8 percent over this period.
The order changes on a three-year basis. Bank of India Liquid Fund delivered the strongest return among these five schemes at 7.0 percent.
Return rankings across mutual funds can shift when the comparison window changes. This makes it useful to read the headline return along with shorter and longer return periods.
Table: Top 5 liquid funds by one-year CAGR return
| Fund name | 1-year return (%) | AUM (Rs crore) | 1-month return (%) | 3-month return (%) | 6-month return (%) | 3-year return (%) |
|---|---|---|---|---|---|---|
| Axis Liquid Fund | 6.3 | 56,167.8 | 0.6 | 1.8 | 3.3 | 6.9 |
| Franklin India Liquid Fund-Super Inst | 6.3 | 3,721.6 | 0.6 | 1.8 | 3.3 | 6.9 |
| Bank of India Liquid Fund | 6.3 | 1,720.0 | 0.6 | 1.8 | 3.3 | 7.0 |
| Edelweiss Liquid Fund | 6.3 | 15,222.3 | 0.6 | 1.8 | 3.3 | 6.9 |
| DSP Liquidity Fund | 6.3 | 19,019.2 | 0.6 | 1.8 | 3.3 | 6.9 |
Note: The ranking considers only schemes with minimum assets under management of Rs 1,500 crore. Returns and AUM are according to ACE MF data on June 23. One-year and three-year returns are CAGR; one-month, three-month and six-month returns are absolute returns. AUM is in Rs crore.
What is a liquid fund?
Liquid funds invest in short-term debt and money-market instruments. They are usually assessed for liquidity, stability and near-term returns rather than aggressive return generation.