ICICI Prudential Liquid Fund -
All plans and options of ICICI Prudential Liquid Fund -
Direct–Growth is the plan and option we treat as this fund's main page, so search engines are pointed there. Everything below is this filing's own data.
Fund basics
Everything the NAV says
Computed from 3,734 published NAVs between 17 Oct 2013 and 12 Nov 2026 — 13.1 years of history. Nothing here is an estimate; it is arithmetic on what the fund actually printed.
How it has moved
Return over time (%)
| Fund name | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Liquid Fund - Direct | 0.49 | 1.52 | 3.25 | 6.51 | 6.91 | 5.57 | 4.46 | 5.22 | 5.32 |
| Liquid Funds category median · 36 funds | — | — | — | 6.52 | 6.90 | 6.42 | — | 6.11 | — |
Anything over a year is annualised (CAGR); shorter windows are absolute. The benchmark row is a low-cost index fund that tracks the index, which runs a little below it after the fund's own costs, measured to 12 Nov 2026. The category row is the median Direct plan in Liquid Funds — the middle fund, not a ranking, and a median rather than an average so that one mis-stated scheme cannot move it. As on 12 Nov 2026.
Risk measures
| Fund name | Volatility | Sharpe | Sortino | Beta | Alpha | Max fall |
|---|---|---|---|---|---|---|
| ICICI Prudential Liquid Fund - Direct | 0.27 | 1.50 | 2.46 | — | — | -5.25 |
Risk-free rate 6.5%. The benchmark row is a low-cost index fund tracking the index. Beta and alpha need the index as a reference, so the benchmark's own row leaves them blank.
Risk
| Volatility | Downside volatility | Sharpe | Sortino |
|---|---|---|---|
| 0.3% | 0.2% | 1.50 | 2.46 |
Risk-free rate 6.5%, roughly the 10-year government bond.
The worst it has been
| Deepest fall | Time to recover | Today, from its peak |
|---|---|---|
| -5.2% | 2 months | At a high |
A drawdown is the fall from a previous high to the low that followed it. It is the number that decides whether somebody stays invested — a fund can have an excellent ten-year return and still have been unbearable to hold in year four.
Every one-year period it has lived through
| Best year | Median year | Worst year | Losing years |
|---|---|---|---|
| 12.6% | 6.7% | -4.9% | 13% |
Rolling returns ask a fairer question than a single five-year figure: not "what did it do from this one start date", but "what happened across every start date". A fund whose worst year is −45% is a different proposition from one whose worst is −8%, even if the averages match.
Calendar years
If you had run a SIP
₹10,000 every month for five years — ₹600,000 invested in all — would be worth ₹708,738 today, an XIRR of 6.60% a year.
XIRR, not CAGR. A SIP's money arrives over sixty months, so most of it has been invested for far less than five years — which is why this figure normally sits below the five-year CAGR above in a rising market, and above it in a falling one. It is the return the investor got, not the return the fund got.
How it compares in its category
Against the Liquid Funds Direct schemes with the highest three-year return. Same category, same plan — the only comparison that means anything. The list re-sorts itself as returns move; it is an ordering by one number, not a view on which fund anyone should hold.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| ICICI Prudential Liquid Fund - ICICI Prudential Mutual Fund · this scheme | 6.9% | — | — | 0.3% | 1.50 | -5.2% |
| Axis Liquid Fund Axis Mutual Fund | 7.0% | — | — | 0.3% | 1.77 | -0.2% |
| Aditya Birla Sun Life Liquid Fund Aditya Birla Sun Life Mutual Fund | 7.0% | — | — | 0.3% | 1.76 | -0.2% |
| Franklin India Liquid Fund Franklin Templeton Mutual Fund | 7.0% | — | — | 0.3% | 1.78 | -0.2% |
| Sundaram Liquid Fund (Formerly Known as Principal Cash Management Fund) Sundaram Mutual Fund | 7.0% | — | — | 0.3% | 1.66 | 0.0% |
| Groww Liquid Fund Groww Mutual Fund | 7.0% | — | — | 0.3% | 1.74 | -0.2% |
| Mahindra Manulife Liquid Fund Mahindra Manulife Mutual Fund | 6.9% | — | — | 0.3% | 1.73 | -0.2% |
| PGIM India Liquid Fund PGIM India Mutual Fund | 6.9% | — | — | 0.3% | 1.66 | -0.1% |
| Nippon India Liquid Fund Nippon India Mutual Fund | 7.0% | — | — | 0.3% | 1.69 | -0.2% |
Alpha and beta are against the category index. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Liquid Funds scheme is
Debt maturing within 91 days.
The place money waits. Redemption reaches the bank in one working day, and a small instant-redemption limit is usually available. Not a savings account, and not guaranteed — but as close as a fund gets.
Who it suits. Emergency money and anything needed within weeks.
How long money should stay. Days to 3 months.
Questions people ask
What is the NAV of ICICI Prudential Liquid Fund - — Direct Plan — IDCW?
₹196.9358 as on 12 Nov 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of ICICI Prudential Liquid Fund -?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance every year, so it compounds. As an illustration, not a forecast: ₹1,00,000 invested for ten years at 12% a year ends at about ₹3.11 lakh, but at 10.5% — a 1.5 percentage-point gap and nothing else changed — it ends at about ₹2.71 lakh, roughly ₹40,000 less. The longer you hold, the wider the gap. Direct is the same fund without the commission.
What does the IDCW option mean?
An IDCW option pays part of the fund's gains out to you, and the NAV falls by exactly what it pays. It is not extra return — it is your own money returned, taxed at your slab rate. That also means a return computed from NAV alone understates an IDCW scheme, which is why no CAGR is shown here for it.
What kind of scheme is this?
Debt maturing within 91 days. The place money waits. Redemption reaches the bank in one working day, and a small instant-redemption limit is usually available. Not a savings account, and not guaranteed — but as close as a fund gets.
How long should money stay in it?
Typically Days to 3 months. Emergency money and anything needed within weeks.