HealthyDirect · GrowthFit for a long SIP
Tata Liquid Fund
Tata Mutual FundDebt Scheme - Liquid Fund13.8 years
The scheme seeks to generate reasonable returns with high liquidity to the unit holders
- NAV
- 4,518.7112
- 1 Nov 2026
- 1Y
- +6.5%
- Trailing CAGR
- AUM
- ₹28,037.42 Cr
- 30 Sept 2026
- Volatility
- n/a
- History still thin
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 1 Nov 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 79% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Watch if · Risk metrics are withheld because the NAV history contains an implausible daily move above 50%.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.18% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.2%. Ask whether you can hold through a similar fall.
Vs category
Pass
79% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Dhawal Joshi · 0.4 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 29.6% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+6.5%
- 3Y+6.9%
- 5Y+6.4%
- 10Y+6.1%
- SI+49.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.5%
- 3Y+6.7%
- 5Y+6.7%
- 10Y+6.1%
- Since inception
- +49.1%
- Calendar-day CAGR
- Excess 1Y
- +0.0%
- Category median, same plan and option
- 3Y win rate
- +79%
- Windows beating the median
- 3Y percentile
- 61
- Vs comparable share classes
- SIP 3Y XIRR
- +6.7%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.1%
- 3922 daily-ending windows
- Median rolling 3Y
- +7.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 3192 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -0.2%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +1%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 2 days
- 15 recovered episodes
- Longest recovery
- 6 days
- Trough to prior peak
17 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-0.2%
15 Jul 2013 – 22 Jul 2013
Trough 16 Jul 2013 · recovered in 6 days
-0.2%
23 Jul 2013 – 28 Jul 2013
Trough 24 Jul 2013 · recovered in 4 days
-0.1%
3 May 2022 – 10 May 2022
Trough 5 May 2022 · recovered in 5 days
-0.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
61
Vs category
50
Consistency
76
Risk-adjusted
n/a
Drawdown
99
Mean
72
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 79% of rolling 3-year windows.
- Three-year return is above the category median.
- Peak-to-trough drawdown has stayed shallower than 15%.
Risk metrics are withheld because the NAV history contains an implausible daily move above 50%.
Portfolio
30 Sept 2026 · 75 holdings · top 10 are 29.6%.
- Top 5
- 16.2%
- Top 10
- 29.6%
- Largest holding
- 3.8%
- Effective holdings
- 49.7
GOVERNMENT OF INDIA 37846 091 DAYS TBILL 19NV26 FV RS 100
Financial
3.8%
Bank of Baroda
Financial
3.5%
CENTRAL BANK OF INDIA CD 06NOV26
Financial
3.4%
91 DAYS TBILL RED 10-12-2026
Financial
2.9%
HDFC BANK LIMITED CD 02NOV26
Financial
2.8%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Edelweiss Liquid Fund
Edelweiss Mutual Fund
- 1Y
- +6.5%
- 3Y
- +7.0%
- Vol
- n/a
- Max DD
- -0.2%
- Sharpe
- n/a
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Franklin India Liquid Fund
Franklin Templeton Mutual Fund
- 1Y
- +6.5%
- 3Y
- +6.9%
- Vol
- 0.2%
- Max DD
- -0.2%
- Sharpe
- -4.45
- 3Y win
- +86%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
PGIM India Liquid Fund
PGIM India Mutual Fund
- 1Y
- +6.5%
- 3Y
- +6.9%
- Vol
- 0.2%
- Max DD
- -0.1%
- Sharpe
- -8.82
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
The Wealth Company Liquid Fund
The Wealth Company Mutual Fund
- 1Y
- +6.5%
- 3Y
- n/a
- Vol
- 0.2%
- Max DD
- -0.0%
- Sharpe
- -8.51
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Aditya Birla Sun Life Liquid Fund- Discipline Advantage Plan
Aditya Birla Sun Life Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.2%
- Vol
- n/a
- Max DD
- -0.2%
- Sharpe
- n/a
- 3Y win
- +96%
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown