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mutual funds
parag parikh liquid fund direct growth
Parag Parikh Liquid Fund Direct Growth

Parag Parikh Liquid Fund Direct Growth

  • Low to Moderate Risk
  • Money Market
  • Liquid
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NAV as on Jul 31, 2025
i
Price per unit of the scheme.
₹ 1,466.21090.02%1 Day Change
0.48%
Minimum Investment₹5000
Expense Ratio0.16%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.
*Morningstar Rating Methodologyi
i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions
 

bt_logoFUND PERFORMANCE

As On Jan 01, 2023
Compare fund’s performance against category average across different time periods


No Data Found.
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

bt_logoFUND COMPARISON

1M3M6M1Y3Y5Y
This Fund
Parag Parikh Liquid Fund Direct Growth
VS
Money Market: Liquid Average NAV
    Topper in Money Market: Liquid
    Canara Robeco Liquid Unclaimed Redemption and Dividend Plan Direct Growth Option
    All Fund


    No Data Found.
    *For the other fund, rescaled NAVs are used
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    • Whatsapp
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    bt_logoRETURN CALCULATOR

    Check the return on your investment in the fund
    Parag Parikh Liquid Fund Direct Growth
    Investment Type
    Monthly Investment
    Time Period (yrs)
    Annual Return in %
    • Invested Amount
      ₹0
    • Return
      ₹0
    • Current Value
      ₹0

    bt_logoFUND SUMMARY

    Benchmark
    CRISIL Liquid Debt A-I TR INR
    Expense Ratio
    0.16%
    Category Avg Expense Ratio
    0.18%
    Minimum Investment (Lumpsum/SIP)
    ₹ 5000 /₹ 1000
    Lock In (Years)
    No Lock-in
    Fund Size
    ₹ 3,696.83 Cr(As on Jun, 2025)
    Inception Date
    May 11, 2018
    Turnover
    - %
    Exit Load
    For Exits within 1 day from date of allotment of units: 0.0070%; Exits within 2 days from date of allotment of units: 0.0065%; Exits within 3 days from date of allotment of units: 0.0060%; Exits within 4 days from date of allotment of units: 0.0055%; Exits within 5 days from date of allotment of units: 0.0050%; Exits within 6 days from date of allotment of units: 0.0045%; Exits beyond 7 days from date of allotment of units: NIL.

    bt_logoABOUT THE FUND

    Objective: To deliver reasonable market related returns with lower risk and high liquidity through judicious investments in money market and debt instruments.

    Parag Parikh Liquid Fund Direct Growth is an Money Market - Liquid fund. The fund was launched inMay 11, 2018. Its risk level is . The NAV of the fund as onJul 31, 2025 is ₹1,466.21. Its expense ratio is 0.16 %. The fund has an AUM of ₹3,696.83 Cr.The fund is managed byRaj Mehta,Mansi Kariya.
    The minimum initial investment is  ₹5000 in Lumpsum mode.

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    bt_logoFUND MANAGER

    Raj Mehta
    Raj Mehta
    i
    Lead Fund Manager.
    May 11, 2018 - Present
    • Fund Manager Rank29Out of 40
      i
      Rank measured on the basis of consistent alpha the fund manager delivered in the same category over a period of three years (factors only Direct plan, Growth option)
    • Schemes managed4
    • Total AUM₹ 1,22,402.08 Cr
    • Highest Return In 1 Yr8.55 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Parag Parikh Flexi Cap Direct Growth
    ₹ 92.16
    -0.80%
    -2.07%
    Very High Risk
    ₹1,10,392.32Cr
    Parag Parikh Conservative Hybrid Fund Direct Growth
    --
    ₹ 15.31
    0.36%
    -0.14%
    Moderately High risk
    ₹2,755.57Cr
    Parag Parikh Liquid Fund Direct Growth
    --
    ₹ 1,466.21
    0.48%
    0.40%
    Low to Moderate Risk
    ₹3,696.83Cr
    Parag Parikh Flexi Cap Direct Growth
    Very High Risk
    • NAV₹ 92.16
    • Fund Size₹1,10,392.32Cr
    Fund Return-0.80%
    Category Return-2.07%
    Parag Parikh Conservative Hybrid Fund Direct Growth
    Moderately High risk--
    • NAV₹ 15.31
    • Fund Size₹2,755.57Cr
    Fund Return0.36%
    Category Return-0.14%
    Parag Parikh Liquid Fund Direct Growth
    Low to Moderate Risk--
    • NAV₹ 1,466.21
    • Fund Size₹3,696.83Cr
    Fund Return0.48%
    Category Return0.40%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Mansi Kariya
    Mansi Kariya
    i
    Lead Fund Manager.
    Dec 22, 2023 - Present
    • Schemes managed4
    • Total AUM₹ 1,22,402.08 Cr
    • Highest Return In 1 Yr8.55 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Parag Parikh Flexi Cap Direct Growth
    ₹ 92.16
    -0.80%
    -2.07%
    Very High Risk
    ₹1,10,392.32Cr
    Parag Parikh Tax Saver Fund Direct Growth
    ₹ 34.17
    -1.80%
    -2.18%
    Very High Risk
    ₹5,557.37Cr
    Parag Parikh Conservative Hybrid Fund Direct Growth
    --
    ₹ 15.31
    0.36%
    -0.14%
    Moderately High risk
    ₹2,755.57Cr
    Parag Parikh Flexi Cap Direct Growth
    Very High Risk
    • NAV₹ 92.16
    • Fund Size₹1,10,392.32Cr
    Fund Return-0.80%
    Category Return-2.07%
    Parag Parikh Tax Saver Fund Direct Growth
    Very High Risk
    • NAV₹ 34.17
    • Fund Size₹5,557.37Cr
    Fund Return-1.80%
    Category Return-2.18%
    Parag Parikh Conservative Hybrid Fund Direct Growth
    Moderately High risk--
    • NAV₹ 15.31
    • Fund Size₹2,755.57Cr
    Fund Return0.36%
    Category Return-0.14%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoDETAILED PORTFOLIO

    As on Jul, 2025
    EQUITY (-%)
    DEBT (-%)
    CASH (99.75%)
    Allocation by Market Cap
    Other Cap(0.25%)
    Industry Holdings
    No Data For Allocation
    Stock Holdings
    No Data For Allocation

    bt_logoPERFORMANCE MEASURES

    Fund evaluation across critical parameters for better decision making. Study period is 3 years.
    • Consistency
      i
      It represents the consistency of a fund in beating its benchmark.
    • Downside Risk
      i
      Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
      ----
    • Risk Adjusted Return
      i
      Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
    • Volatility
      i
      Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
    • Upside Capture Ratio
      i
      Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
    • Downside Capture Ratio
      i
      Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.
      ----

    bt_logoHISTORICAL RISK MEASURES

    Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.
    • Alpha: Excess return of the fund over benchmark
      i
      Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
      -0.34
      This Fund
      VS
      -0.35
      Category Avg
    • R-Squared: How well the fund tracks benchmark
      i
      R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
      59.14
      This Fund
      VS
      38.90
      Category Avg
    • Beta: Risk of the fund in relation to benchmark
      i
      Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
      1.09
      This Fund
      VS
      1.32
      Category Avg
    • Sharpe Ratio: Risk adjusted return of the fund
      i
      Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
      -0.37
      This Fund
      VS
      -1.21
      Category Avg
    • Sortino Ratio: Return per unit of bad risk
      i
      A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
      -0.50
      This Fund
      VS
      5.04
      Category Avg
    • Standard Devation: Volatility of the fund
      i
      Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
      0.16
      This Fund
      VS
      0.42
      Category Avg
    Benchmark used in calculation : S&P BSE 500 India TR INR

    bt_logoPEER ANALYSIS

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size
    ITI Liquid Fund Direct GrowthITI Liquid Fund Direct Growth
    --
    ₹ 1,379.01
    0.54%
    0.40%
    Low to Moderate Risk
    ₹ 62.25 Cr
    Franklin India Liquid Super Institutional Plan Direct GrowthFranklin India Liquid Super Institutional Plan Direct Growth
    --
    ₹ 3,982.96
    0.50%
    0.40%
    Low to Moderate Risk
    ₹ 2,675.66 Cr
    Tata Liquid Fund Direct Plan GrowthTata Liquid Fund Direct Plan Growth
    --
    ₹ 4,182.87
    0.50%
    0.40%
    Low to Moderate Risk
    ₹ 23,367.52 Cr
    Bank of India Liquid Fund Direct Plan GrowthBank of India Liquid Fund Direct Plan Growth
    --
    ₹ 3,052.00
    0.49%
    0.40%
    Moderate Risk
    ₹ 2,087.84 Cr
    Canara Robeco Liquid Unclaimed Redemption and Dividend Plan Direct Growth OptionCanara Robeco Liquid Unclaimed Redemption and Dividend Plan Direct Growth Option
    --
    ₹ 1,732.96
    0.49%
    0.40%
    Low to Moderate Risk
    ₹ 5,383.13 Cr
    Kotak Liquid Fund Growth DirectKotak Liquid Fund Growth Direct
    --
    ₹ 5,354.27
    0.49%
    0.40%
    Moderate Risk
    ₹ 34,686.50 Cr
    ITI Liquid Fund Direct Growth
    Low to Moderate Risk--
    • NAV₹ 1,379.01
    • Fund Size₹ 62.25 Cr
    Fund Return0.54%
    Category Return0.40%
    Franklin India Liquid Super Institutional Plan Direct Growth
    Low to Moderate Risk--
    • NAV₹ 3,982.96
    • Fund Size₹ 2,675.66 Cr
    Fund Return0.50%
    Category Return0.40%
    Tata Liquid Fund Direct Plan Growth
    Low to Moderate Risk--
    • NAV₹ 4,182.87
    • Fund Size₹ 23,367.52 Cr
    Fund Return0.50%
    Category Return0.40%
    Bank of India Liquid Fund Direct Plan Growth
    Moderate Risk--
    • NAV₹ 3,052.00
    • Fund Size₹ 2,087.84 Cr
    Fund Return0.49%
    Category Return0.40%
    Canara Robeco Liquid Unclaimed Redemption and Dividend Plan Direct Growth Option
    Low to Moderate Risk--
    • NAV₹ 1,732.96
    • Fund Size₹ 5,383.13 Cr
    Fund Return0.49%
    Category Return0.40%
    Kotak Liquid Fund Growth Direct
    Moderate Risk--
    • NAV₹ 5,354.27
    • Fund Size₹ 34,686.50 Cr
    Fund Return0.49%
    Category Return0.40%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoTOP FUNDS FROM THIS AMC

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)
    Parag Parikh Liquid Fund Direct GrowthParag Parikh Liquid Fund Direct Growth
    --
    ₹ 1,466.21
    0.48%
    0.40%
    Low to Moderate Risk
    ₹ 3,696.83 Cr
    Parag Parikh Conservative Hybrid Fund Direct GrowthParag Parikh Conservative Hybrid Fund Direct Growth
    --
    ₹ 15.31
    0.36%
    -0.14%
    Moderately High risk
    ₹ 2,755.57 Cr
    Parag Parikh Flexi Cap Direct GrowthParag Parikh Flexi Cap Direct Growth
    ₹ 92.16
    -0.80%
    -2.07%
    Very High Risk
    ₹ 1,10,392.32 Cr
    Parag Parikh Tax Saver Fund Direct GrowthParag Parikh Tax Saver Fund Direct Growth
    ₹ 34.17
    -1.80%
    -2.18%
    Very High Risk
    ₹ 5,557.37 Cr
    Parag Parikh Liquid Fund Direct Growth
    Low to Moderate Risk--
    • NAV₹ 1,466.21
    • Fund Size₹ 3,696.83 Cr
    1 Month Return0.48%
    Category Return0.40%
    Parag Parikh Conservative Hybrid Fund Direct Growth
    Moderately High risk--
    • NAV₹ 15.31
    • Fund Size₹ 2,755.57 Cr
    1 Month Return0.36%
    Category Return-0.14%
    Parag Parikh Flexi Cap Direct Growth
    Very High Risk
    • NAV₹ 92.16
    • Fund Size₹ 1,10,392.32 Cr
    1 Month Return-0.80%
    Category Return-2.07%
    Parag Parikh Tax Saver Fund Direct Growth
    Very High Risk
    • NAV₹ 34.17
    • Fund Size₹ 5,557.37 Cr
    1 Month Return-1.80%
    Category Return-2.18%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoABOUT THE AMC

    company icon
    PPFAS Asset Management Pvt. Ltd
    PPFAS Asset Management Pvt. Ltd manages assets worth ₹ 1,26,285.44 crores. It’s current offering of mutual fund schemes includes 2 equity, 2 hybrid schemes.
    phone icon
    Phone
    +91 22 61406555
    mail icon
    Email
    swapnil@ppfas.com
    aum
    AUM
    ₹ 1,26,285.44 Cr (
    As on Jun 30, 2025
    )
    location
    Address
    Great Western Building, 1st Floor, Mumbai,400 001

    bt_logoFAQ's

    What is the category of Parag Parikh Liquid Fund Direct Growth ?
    The category of Parag Parikh Liquid Fund Direct Growth is Money Market - Liquid
    What is the current NAV of Parag Parikh Liquid Fund Direct Growth ?
    The current NAV of Parag Parikh Liquid Fund Direct Growth as on Jul 31, 2025 is ₹1,466.21
    How safe is Parag Parikh Liquid Fund Direct Growth ?
    The risk level of Parag Parikh Liquid Fund Direct Growth is Low to Moderate.
    What are short term returns given by Parag Parikh Liquid Fund Direct Growth ?
    The return given by Parag Parikh Liquid Fund Direct Growth in 1 month is 0.48%, 3 months is 1.54%, 6 months is 3.26%, and 1 year is 6.80%
    What are the long term returns given by Parag Parikh Liquid Fund Direct Growth ?
    The return given by Parag Parikh Liquid Fund Direct Growth in 3 years is 6.70% and 5 years is 5.35%.
    What is the expense ratio of Parag Parikh Liquid Fund Direct Growth ?
    The expense ratio of Parag Parikh Liquid Fund Direct Growth is 0.16%
    What is the AUM of Parag Parikh Liquid Fund Direct Growth ?
    The assets under Management (AUM) of Parag Parikh Liquid Fund Direct Growth is Rs 3,696.83 crores.
    What is the minimum investment in Parag Parikh Liquid Fund Direct Growth ?
    The minimum Lumpsum investment in Parag Parikh Liquid Fund Direct Growth is ₹5,000.00 and the minimum SIP investment in Parag Parikh Liquid Fund Direct Growth is ₹1,000.00
    What is the asset allocation of Parag Parikh Liquid Fund Direct Growth?
    Parag Parikh Liquid Fund Direct Growth has an exposure of 99.75% in Cash & Money Market Securities

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