HDFC Liquid Fund - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Liquid Fund

No of Debt Holding 158 (Category Avg - 67.49) | Modified Duration 0.12 Years (Category Avg - 0.11)| Yield to Maturity 6.02% (Category Avg - 5.95%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	6.73%	1.14%
CD	31.18%	35.50%
T-Bills	14.80%	17.24%
CP	38.84%	36.85%
NCD & Bonds	8.23%	4.30%

Category - Liquid Fund

Security Type	% Weight	Category Average
Government Backed	21.53%	18.37%
Low Risk	78.25%	76.50%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Liquid Fund

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Bank Of India	CD	Public sector bank	P1+	CRISIL	24784.08	4.02%	50.00 k
Bond - Govt of India	GOI	Other			22549.71	3.66%	22.55 Cr
Bond - T-Bill	T-Bills	Other			19057.92	3.09%	19.25 Cr
Bond - Govt of India	GOI	Other			16460.20	2.67%	16.40 Cr
Bond - T-Bill	T-Bills	Other			15547.61	2.52%	15.69 Cr
Bond - T-Bill	T-Bills	Other			14858.53	2.41%	14.90 Cr
Bond - Bharti Airtel Ltd.	CP	Telecom - cellular & fixed line services	P1+	CRISIL	14882.00	2.41%	30.00 k
Bond - Small Industries Development Bank Of India	CP	Financial institution	PR1+	CARE	14796.60	2.40%	30.00 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	13897.37	2.25%	28.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	CARE AAA	CARE	11558.60	1.87%	11.55 k
Bond - National Bank for Agriculture & Rural Development	CP	Financial institution	P1+	CRISIL	11410.94	1.85%	23.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	CARE AAA	CARE	9974.85	1.62%	9.95 k
Bond - T-Bill	T-Bills	Other			9940.93	1.61%	10.00 Cr
Bond - T-Bill	T-Bills	Other			9930.73	1.61%	10.00 Cr
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	9917.93	1.61%	20.00 k
Bond - Punjab & Sind Bank	CD	Public sector bank	A1+	ICRA	9905.64	1.61%	20.00 k
Bond - Punjab National Bank	CD	Public sector bank	PR1+	CARE	9927.18	1.61%	20.00 k
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	9941.85	1.61%	20.00 k
Bond - National Bank for Agriculture & Rural Development	CP	Financial institution	P1+	CRISIL	9925.76	1.61%	20.00 k
Bond - Small Industries Development Bank Of India	CP	Financial institution	PR1+	CARE	9857.96	1.60%	20.00 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	9460.58	1.53%	19.00 k
Bond - T-Bill	T-Bills	Other			8928.60	1.45%	9.00 Cr
Bond - Indian Oil Corporation Ltd.	CP	Refineries & marketing	A1+	ICRA	8434.01	1.37%	17.00 k
Bond - RBL Bank Ltd.	CD	Private sector bank	A1+	ICRA	7935.65	1.29%	16.00 k
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	7441.77	1.21%	15.00 k
Bond - Bajaj Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	7449.66	1.21%	15.00 k
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	7479.07	1.21%	15.00 k
Bond - T-Bill	T-Bills	Other			7222.27	1.17%	7.25 Cr
Bond - Tata Teleservices Ltd.	CP	Telecom - cellular & fixed line services	P1+	CRISIL	6580.71	1.07%	13.20 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	6442.51	1.05%	13.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	5845.65	0.95%	5.85 k
Bond - Titan Company Ltd.	CP	Gems, jewellery and watches	PR1+	CARE	5464.01	0.89%	11.00 k
Bond - National Bank for Agriculture & Rural Development	CD	Financial institution	P1+	CRISIL	5428.20	0.88%	11.00 k
Bond - Punjab & Sind Bank	CD	Public sector bank	A1+	ICRA	5453.43	0.88%	11.00 k
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	5185.01	0.84%	10.50 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	4986.38	0.81%	10.00 k
Bond - UCO Bank	CD	Public sector bank	P1+	CRISIL	4983.91	0.81%	10.00 k
Bond - National Bank for Agriculture & Rural Development	CP	Financial institution	A1+	ICRA	4983.98	0.81%	10.00 k
Bond - Titan Company Ltd.	CP	Gems, jewellery and watches	PR1+	CARE	4968.91	0.81%	10.00 k
Bond - Aditya Birla Capital Ltd.	CP	Life insurance	P1+	CRISIL	4955.69	0.80%	10.00 k
Bond - IIFL Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	4947.76	0.80%	10.00 k
Bond - Kotak Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	4954.48	0.80%	10.00 k
Bond - Tata Power Co. Ltd.	CP	Integrated power utilities	P1+	CRISIL	4926.60	0.80%	10.00 k
Bond - IDBI Bank Ltd.	CD	Private sector bank	P1+	CRISIL	4958.40	0.80%	10.00 k
Bond - Karur Vysya Bank Ltd	CD	Private sector bank	P1+	CRISIL	4961.19	0.80%	10.00 k
Bond - Union Bank Of India	CD	Public sector bank	F1+	FITCH	4961.77	0.80%	10.00 k
Bond - Union Bank Of India	CD	Public sector bank	F1+	FITCH	4928.47	0.80%	10.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	4714.05	0.76%	9.50 k
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	4470.85	0.73%	9.00 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	4511.30	0.73%	4.50 k
Bond - Reliance Retail Ventures Ltd.	CP	Diversified retail	P1+	CRISIL	4480.82	0.73%	9.00 k
Bond - T-Bill	T-Bills	Other			4194.36	0.68%	4.25 Cr
Bond - ONGC Petro-Additions Ltd.	CP	Petrochemicals	P1+	CRISIL	3987.23	0.65%	8.00 k
Bond - IIFL Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	3965.26	0.64%	8.00 k
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	3955.74	0.64%	8.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	3725.21	0.60%	7.50 k
Bond - Poonawalla Fincorp Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	3490.12	0.57%	7.00 k
Bond - Axis Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	3447.63	0.56%	7.00 k
Bond - L&T Metro Rail (Hyderabad) Ltd.	CP	Civil construction	P1+	CRISIL	3470.31	0.56%	7.00 k
Bond - Titan Company Ltd.	NCD & Bonds	Gems, jewellery and watches	AAA	CRISIL	3300.22	0.54%	33.00 k
Bond - Kotak Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	2993.82	0.49%	6.00 k
Bond - Bajaj Financial Securities Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	2973.00	0.48%	6.00 k
Bond - Birla Group Holdings Private Ltd.	CP	Investment company	P1+	CRISIL	2970.90	0.48%	6.00 k
Bond - L&T Metro Rail (Hyderabad) Ltd.	CP	Civil construction	P1+	CRISIL	2975.61	0.48%	6.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	2967.70	0.48%	6.00 k
Bond - IDFC First Bank Ltd.	CD	Private sector bank	P1+	CRISIL	2955.82	0.48%	6.00 k
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	2961.61	0.48%	6.00 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	2781.55	0.45%	5.60 k
Bond - Tata Housing Development Company Ltd.	CP	Residential, commercial projects	PR1+	CARE	2577.51	0.42%	5.20 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	2506.09	0.41%	2.50 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	2481.05	0.40%	5.00 k
Bond - Aditya Birla Capital Ltd.	CP	Life insurance	A1+	ICRA	2492.23	0.40%	5.00 k
Bond - Aditya Birla Capital Ltd.	CP	Life insurance	A1+	ICRA	2490.04	0.40%	5.00 k
Bond - Bajaj Auto Credit Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	2492.98	0.40%	5.00 k
Bond - Bajaj Financial Securities Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	2482.76	0.40%	5.00 k
Bond - IIFL Capital Services Ltd.	CP	Stockbroking & allied	P1+	CRISIL	2470.98	0.40%	5.00 k
Bond - IIFL Capital Services Ltd.	CP	Stockbroking & allied	P1+	CRISIL	2474.93	0.40%	5.00 k
Bond - Kotak Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	2492.61	0.40%	5.00 k
Bond - Kotak Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	2462.59	0.40%	5.00 k
Bond - National Bank for Agriculture & Rural Development	CP	Financial institution	A1+	ICRA	2492.79	0.40%	5.00 k
Bond - Reliance Retail Ventures Ltd.	CP	Diversified retail	P1+	CRISIL	2495.48	0.40%	5.00 k
Bond - Ultratech Cement Ltd.	CP	Cement & cement products	P1+	CRISIL	2481.90	0.40%	5.00 k
Bond - National Bank for Agriculture & Rural Development	CD	Financial institution	A1+	ICRA	2219.90	0.36%	4.50 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	2048.49	0.33%	2.05 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	1976.21	0.32%	4.00 k
Bond - Punjab & Sind Bank	CD	Public sector bank	A1+	ICRA	1982.74	0.32%	4.00 k
Bond - Aditya Birla Money Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1971.86	0.32%	4.00 k
Bond - Bajaj Financial Securities Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1993.68	0.32%	4.00 k
Bond - Barclays Investments & Loans (I) Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1981.07	0.32%	4.00 k
Bond - DCM Shriram Ltd.	CP	Diversified	P1+	CRISIL	1993.61	0.32%	4.00 k
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1972.69	0.32%	4.00 k
Bond - Mahindra & Mahindra Financial Services Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1993.78	0.32%	4.00 k
Bond - Mindspace Business Parks REIT	CP	Real estate investment trusts (reits)	A1+	ICRA	1991.01	0.32%	4.00 k
Bond - Reliance Retail Ventures Ltd.	CP	Diversified retail	P1+	CRISIL	1996.06	0.32%	4.00 k
Bond - SBICAP Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1980.37	0.32%	4.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	1730.84	0.28%	3.50 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	1728.34	0.28%	3.50 k
Bond - Mangalore Refinery & Petrochemicals Ltd.	NCD & Bonds	Refineries & marketing	CARE AAA	CARE	1749.14	0.28%	1.75 k
Bond - Tata Capital Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1500.13	0.24%	1.50 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	1483.34	0.24%	3.00 k
Bond - Aarti Industries Ltd.	CP	Specialty chemicals	P1+	CRISIL	1485.83	0.24%	3.00 k
Bond - Godrej Properties Ltd.	CP	Residential, commercial projects	A1+	ICRA	1487.11	0.24%	3.00 k
Bond - Godrej Properties Ltd.	CP	Residential, commercial projects	A1+	ICRA	1486.61	0.24%	3.00 k
Bond - Tata Housing Development Company Ltd.	CP	Residential, commercial projects	PR1+	CARE	1388.83	0.23%	2.80 k
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1251.86	0.20%	1.25 k
Bond - T-Bill	T-Bills	Other			996.03	0.16%	1.00 Cr
Bond - IDBI Bank Ltd.	CD	Private sector bank	P1+	CRISIL	993.62	0.16%	2.00 k
Bond - Federal Bank Ltd.	CD	Private sector bank	P1+	CRISIL	987.56	0.16%	2.00 k
Bond - Bajaj Financial Securities Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	991.52	0.16%	2.00 k
Bond - Bajaj Financial Securities Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	996.67	0.16%	2.00 k
Bond - Hsbc Investdirect Financial Services India Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	996.42	0.16%	2.00 k
Bond - Hsbc Investdirect Financial Services India Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	995.87	0.16%	2.00 k
Bond - IIFL Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	991.54	0.16%	2.00 k
Bond - Infina Finance Pvt. Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	990.40	0.16%	2.00 k
Bond - Infina Finance Pvt. Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	990.04	0.16%	2.00 k
Bond - JIO Credit Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	997.78	0.16%	2.00 k
Bond - JIO Credit Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	991.16	0.16%	2.00 k
Bond - Nuvoco Vistas Corporation Ltd.	CP	Cement & cement products	P1+	CRISIL	997.22	0.16%	2.00 k
Bond - Panatone Finvest Ltd	CP	Non banking financial company (nbfc)	P1+	CRISIL	986.57	0.16%	2.00 k
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	900.37	0.15%	900.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	800.80	0.13%	8.00 k
Bond - Govt of India	GOI	Other			802.16	0.13%	80.00 L
Bond - Govt of India	GOI	Other			773.91	0.13%	77.10 L
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	751.07	0.12%	750.00
Bond - Godrej Industries Ltd	NCD & Bonds	Animal feed	AA+	CRISIL	751.33	0.12%	7.50 k
Bond - Aditya Birla Money Ltd.	CP	Stockbroking & allied	P1+	CRISIL	743.71	0.12%	1.50 k
Bond - Godrej Industries Ltd	CP	Animal feed	P1+	CRISIL	744.47	0.12%	1.50 k
Bond - SBICAP Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	742.90	0.12%	1.50 k
Bond - Tata Capital Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	600.28	0.10%	600.00
Bond - Govt of India	GOI	Other			546.33	0.09%	55.00 L
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	500.79	0.08%	500.00
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	501.33	0.08%	500.00
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	494.37	0.08%	1.00 k
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	497.33	0.08%	1.00 k
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	497.84	0.08%	1.00 k
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	493.83	0.08%	1.00 k
Bond - Birla Group Holdings Private Ltd.	CP	Investment company	P1+	CRISIL	492.34	0.08%	1.00 k
Bond - Fedbank Financial Services Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	496.76	0.08%	1.00 k
Bond - Network 18 Media & Invst. Ltd.	CP	Media & entertainment	PR1+	CARE	496.78	0.08%	1.00 k
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	443.28	0.07%	350.00
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	396.77	0.06%	800.00
Bond - Barclays Investments & Loans (I) Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	248.80	0.04%	500.00
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	247.72	0.04%	500.00
Bond - Govt of India	GOI	Other			250.07	0.04%	25.00 L
Bond - T-Bill	T-Bills	Other			248.27	0.04%	25.00 L
Bond - T-Bill	T-Bills	Other			246.73	0.04%	25.00 L
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	250.20	0.04%	250.00
Bond - Kotak Mahindra Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	250.22	0.04%	250.00
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	250.22	0.04%	250.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	249.76	0.04%	250.00
Bond - Small Industries Development Bank Of India	CD	Financial institution	PR1+	CARE	248.62	0.04%	500.00
Bond - Union Bank Of India	CD	Public sector bank	F1+	FITCH	248.64	0.04%	500.00
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	198.94	0.03%	400.00
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	200.25	0.03%	200.00
Bond - L&T Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	150.10	0.02%	150.00
Bond - T-Bill	T-Bills	Other			148.78	0.02%	15.00 L
Bond - Govt of India	GOI	Other			50.08	0.01%	5.00 L
Bond - ICICI Bank Ltd.	CD	Private sector bank	A1+	ICRA	49.90	0.01%	100.00