HDFC Liquid Direct Plan-Growth
(Scheme Rating)
NAV as of Dec 26, 2024
4,995.220.02%
- Growth - Direct
(Earn upto 0.09% Extra Returns with Direct Plan)
Fund Category:
Debt: Liquid
Expense Ratio:
0.20%(0.15% Category
average)Fund Size:
Rs. 72,653.31 Cr(13.80% of Investment in Category)
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HDFC Liquid Direct Plan-Growth
(Scheme Rating)
NAV as of Dec 26, 2024
4,995.220.02%
Expense Ratio:
0.20%
Fund Size:
Rs. 72,653.31 Cr
Fund Category:
Debt: Liquid
1. Current NAV: The Current Net Asset Value of the HDFC Liquid Fund - Direct Plan as of Dec 26, 2024 is Rs 4,995.22 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.42% (1yr), 6.39% (3yr), 5.34% (5yr) and 6.82% (since launch). Whereas, Category returns for the same time duration are: 7.120837386060465% (1yr), 6.205341940688661% (3yr) and 5.14691050999387% (5yr).
3. Fund Size: The HDFC Liquid Fund - Direct Plan currently holds Assets under Management worth of Rs 72653.306 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.2% for Direct plan as on Nov 30, 2024.
5. Exit Load: HDFC Liquid Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
HDFC Liquid Direct Plan-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.53 1.71 3.52 7.39 6.41 5.34 Category Avg 0.52 1.66 3.41 7.16 6.22 5.15 Rank within Category 26 28 27 25 26 23 No. of funds within Category 46 44 42 40 38 37 - Loading...
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Return Comparison
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HDFC Liquid Direct Plan-Growth Fund Details
Investment Objective - The scheme seeks to generate income through a portfolio comprising money market and debt instruments.
| Fund House | HDFC Mutual Fund |
| Launch Date | Jan 01, 2013 |
| Benchmark | CRISIL Liquid Debt B-I Index |
| Return Since Launch | 6.82% |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | Average |
HDFC Liquid Direct Plan-Growth Investment Details
| Minimum Investment (Rs.) | 100.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | 5,000.00 |
| Exit Load Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. | |
Portfolio Allocation
Portfolio Aggregates
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Modified Duration(Yrs) | 0.14 | 0.1942 | 0.0002 | 0.1436 |
| Average Maturity(Yrs) | 0.16 | 0.205 | 0.033 | 0.1472 |
| Yield to Maturity(%) | 7.16 | 8.05 | 6.47 | 7.1361 |
| Avg Credit Rating | Low | - | - | - |
Style Box
Investment / Portfolio Grades
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| Government Backed | 16.64 | 16.86 |
| Low Risk | 81.10 | 78.65 |
| Moderate Risk | - | - |
| High Risk | - | - |
| Very High Risk | - | - |
| Others | 2.26 | 4.49 |
Type of Holdings
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| GOI | 6.47 | 3.19 |
| CD | 40.21 | 40.63 |
| T-Bills | 7.93 | 15.97 |
| CP | 42.92 | 36.90 |
| NCD & Bonds | 4.03 | 3.96 |
| PTC | - | - |
| Cash & Others | -1.56 | -0.66 |
Debt Holding In Portfolio
| Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
|---|---|---|---|---|---|---|
| 6.18% GOI 04/11/2024 | GOI Securities | Sovereign | SOV | 37,729.01 | 6.44 | 37,75,00,000 |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 29,163.62 | 4.98 | - |
| State Bank of India | Certificate of Deposit | Financial | A1+ | 24,627.40 | 4.21 | 50,000 |
| State Bank of India | Certificate of Deposit | Financial | A1+ | 24,655.65 | 4.21 | 50,000 |
| Bank Of Baroda | Certificate of Deposit | Financial | A1+ | 24,602.78 | 4.20 | - |
| Small Industries Devp Bank of India Ltd | Commercial Paper | Financial | A1+ | 20,185.45 | 3.45 | 41,000 |
| Reliance Jio Infocomm Ltd | Commercial Paper | Communication | A1+ | 19,796.10 | 3.38 | 40,000 |
| Punjab National Bank | Certificate of Deposit | Financial | A1+ | 19,681.34 | 3.36 | - |
| Canara Bank | Certificate of Deposit | Financial | A1+ | 14,756.17 | 2.52 | 30,000 |
| Axis Bank Ltd | Certificate of Deposit | Financial | A1+ | 14,747.57 | 2.52 | - |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y HDFC Liquid Direct Plan-Growth 4,995.22 72,653.31 0.53 7.39 6.41 5.34 Mahindra Manulife Liquid Fund Direct -Growth 1,656.71 1,310.82 0.55 7.47 6.51 5.46 Union Liquid Fund Direct-Growth 2,453.24 4,336.59 0.54 7.45 6.48 5.44 PGIM India Liquid Fund Direct Plan-Growth 331.76 450.83 0.55 7.45 6.47 5.43 Edelweiss Liquid Direct-Growth 3,286.62 5,902.92 0.54 7.52 6.48 5.45
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
0.40VS0.39Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.82VS0.80Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.69VS0.66Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
0.33VS0.32Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
1.99VS1.93Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
6.16VS6.15Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- A.J.Anupam JoshiSince Oct 201520 schemes
- A.K.Amar KalkundrikarSince Jan 201924 schemes
- S.J.Swapnil JangamSince Oct 20220 schemes
Mr. Joshi is a PGDM in Business Management. Prior to joining HDFC Mutual Fund he has worked with IDFC AMC, Principal Asset Management Company and ICAP India Pvt. Ltd.
Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School. Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.
Mr. Jangam has done B.Com, CA and CFA Level III. Prior to Joining HDFC Mutual Fund, he has worked with M.P. Chitale and Co. and EY.
No schemes for the Fund Manager
More HDFC Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund Direct Plan-Growth | 95,569.87 | 0.93 | -2.87 | 2.43 | 19.11 | 23.38 | |
| HDFC Mid-Cap Opportunities Direct Plan-Growth | 76,060.89 | 3.32 | -3.08 | 5.80 | 30.81 | 29.46 | |
| HDFC Liquid Direct Plan-Growth | 72,653.31 | 0.53 | 1.71 | 3.52 | 7.39 | 6.40 | |
| HDFC Flexi Cap Direct Plan-Growth | 66,304.16 | -0.11 | -5.16 | 4.22 | 26.26 | 25.56 | |
| HDFC Top 100 Fund Direct Plan-Growth | 36,587.24 | -0.75 | -9.35 | 0.97 | 14.52 | 18.55 | |
| HDFC Small Cap Fund Direct- Growth | 33,841.89 | 3.40 | -2.90 | 4.84 | 22.38 | 24.26 | |
| HDFC Corporate Bond Fund Direct Plan-Growth | 32,841.09 | 0.63 | 1.70 | 4.32 | 8.78 | 6.56 | |
| HDFC Money Market Fund Direct Plan-Growth | 26,787.61 | 0.57 | 1.81 | 3.70 | 7.76 | 6.70 | |
| HDFC Hybrid Equity Fund Direct Plan-Growth | 24,184.79 | 1.12 | -3.39 | 2.67 | 14.95 | 14.41 | |
| HDFC Large and Mid Cap Fund Direct- Growth | 23,988.97 | 1.47 | -7.32 | 1.27 | 22.39 | 22.93 |
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1. HDFC Liquid Fund - Direct Plan is Open-ended Liquid Debt scheme which belongs to HDFC Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate income through a portfolio comprising money market and debt instruments. "
2. It is benchmarked against CRISIL Liquid Debt B-I Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of HDFC Liquid Fund - Direct Plan is 0.15793567 years and Duration is 0.1445384 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on HDFC Liquid Direct Plan-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about HDFC Liquid Direct Plan-Growth
- Is it safe to invest in HDFC Liquid Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the HDFC Liquid Fund - Direct Plan comes under Low to Moderate risk category.
- What is the category of HDFC Liquid Fund - Direct Plan?HDFC Liquid Fund - Direct Plan belongs to the Debt : Liquid category of funds.
- How Long should I Invest in HDFC Liquid Fund - Direct Plan?The suggested investment horizon of investing into HDFC Liquid Fund - Direct Plan is <3 month. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the HDFC Liquid Fund - Direct Plan?The HDFC Liquid Fund - Direct Plan is managed by Anupam Joshi (Since Oct 27, 2015) , Amar Kalkundrikar (Since Jan 10, 2019) and Swapnil Jangam (Since Oct 06, 2022).
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