Axis Liquid Fund leads liquid mutual funds in six-month returns; delivers 3.4% gain
Axis Liquid Fund delivered 3.4% returns over the last six months and 7.0% CAGR over three years, according to ACE MF data on July 2.
Moneycontrol Desk
July 06, 2026 / 11:59 IST
Among liquid mutual funds that meet the screen used for this ranking, Axis Liquid Fund is at the top on six-month returns. The fund delivered 3.4 percent, ahead of Edelweiss Liquid Fund at 3.3 percent and DSP Liquidity Fund at 3.3 percent, according to ACE MF data on July 2.
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 0.7 percent.
A different fund moves to the top when the three-month window is used. Franklin India Liquid Fund-Super Inst leads this comparison with 1.7 percent.
A different fund moves to the top when the three-year window is used. Bank of India Liquid Fund leads this comparison with 7.0 percent.
Looking at more than one return period gives investors a fuller picture. The top performer in a recent window may differ from the fund that has delivered stronger longer-term returns.
Table: Top 5 liquid funds by six-month return
| Fund name | 6-month return (%) | AUM (Rs crore) | 1-month return (%) | 3-month return (%) | 1-year return (%) | 3-year return (%) |
|---|---|---|---|---|---|---|
| Axis Liquid Fund | 3.4 | 56,167.8 | 0.7 | 1.7 | 6.4 | 7.0 |
| Edelweiss Liquid Fund | 3.3 | 15,222.3 | 0.7 | 1.7 | 6.4 | 6.9 |
| DSP Liquidity Fund | 3.3 | 19,019.2 | 0.7 | 1.7 | 6.3 | 6.9 |
| Bank of India Liquid Fund | 3.3 | 1,720.0 | 0.7 | 1.7 | 6.4 | 7.0 |
| Franklin India Liquid Fund-Super Inst | 3.3 | 3,721.6 | 0.7 | 1.7 | 6.4 | 7.0 |
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 July 2. 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.