Nippon India Liquid Fund - Direct Plan - IDCW - Quarterly

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 136 (Category Avg - 67.49) | Modified Duration 0.11 Years (Category Avg - 0.11)| Yield to Maturity 6.06% (Category Avg - 5.97%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	1.82%	1.14%
CD	29.80%	35.50%
T-Bills	13.50%	17.24%
CP	51.15%	36.85%
NCD & Bonds	1.16%	4.30%

Category - Liquid Fund

Security Type	% Weight	Category Average
Government Backed	15.32%	18.37%
Low Risk	82.11%	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 - T-Bill	T-Bills	Other			8946.84	2.96%	9.00 Cr
Bond - UCO Bank	CD	Public sector bank	P1+	CRISIL	7441.53	2.46%	15.00 k
Bond - Small Industries Development Bank Of India	CP	Financial institution	P1+	CRISIL	7392.26	2.45%	15.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	5455.07	1.80%	11.00 k
Bond - T-Bill	T-Bills	Other			4986.09	1.65%	5.00 Cr
Bond - Tata Communications Ltd.	CP	Telecom - cellular & fixed line services	P1+	CRISIL	4983.65	1.65%	10.00 k
Bond - Hindustan Zinc Ltd.	CP	Zinc	P1+	CRISIL	4983.41	1.65%	10.00 k
Bond - Bharti Airtel Ltd.	CP	Telecom - cellular & fixed line services	P1+	CRISIL	4973.71	1.65%	10.00 k
Bond - Reliance Retail Ventures Ltd.	CP	Diversified retail	P1+	CRISIL	4969.65	1.64%	10.00 k
Bond - Tata Power Co. Ltd.	CP	Integrated power utilities	P1+	CRISIL	4957.98	1.64%	10.00 k
Bond - Tata Steel Ltd.	CP	Iron & steel products	A1+	ICRA	4957.81	1.64%	10.00 k
Bond - T-Bill	T-Bills	Other			4960.34	1.64%	5.00 Cr
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	4966.91	1.64%	10.00 k
Bond - Punjab & Sind Bank	CD	Public sector bank	A1+	ICRA	4964.13	1.64%	10.00 k
Bond - Punjab National Bank	CD	Public sector bank	F1+	FITCH	4963.59	1.64%	10.00 k
Bond - Karur Vysya Bank Ltd	CD	Private sector bank	A1+	ICRA	4960.37	1.64%	10.00 k
Bond - IDBI Bank Ltd.	CD	Private sector bank	P1+	CRISIL	4958.40	1.64%	10.00 k
Bond - Tata Communications Ltd.	CP	Telecom - cellular & fixed line services	P1+	CRISIL	4938.40	1.63%	10.00 k
Bond - T-Bill	T-Bills	Other			4891.26	1.62%	4.90 Cr
Bond - Reliance Retail Ventures Ltd.	CP	Diversified retail	P1+	CRISIL	4491.13	1.49%	9.00 k
Bond - Small Industries Development Bank Of India	CP	Financial institution	P1+	CRISIL	4470.05	1.48%	9.00 k
Bond - Karur Vysya Bank Ltd	CD	Private sector bank	A1+	ICRA	4483.18	1.48%	9.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	4471.70	1.48%	9.00 k
Bond - Govt of India	GOI	Other			4115.05	1.36%	4.10 Cr
Bond - T-Bill	T-Bills	Other			3972.29	1.31%	4.00 Cr
Bond - Bank Of India	CD	Public sector bank	P1+	CRISIL	3969.98	1.31%	8.00 k
Bond - Titan Company Ltd.	CP	Gems, jewellery and watches	PR1+	CARE	3973.83	1.31%	8.00 k
Bond - Bajaj Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	3973.15	1.31%	8.00 k
Bond - Poonawalla Fincorp Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	3492.67	1.16%	7.00 k
Bond - Manappuram Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	3488.67	1.15%	7.00 k
Bond - Reliance Retail Ventures Ltd.	CP	Diversified retail	P1+	CRISIL	3472.49	1.15%	7.00 k
Bond - T-Bill	T-Bills	Other			3457.32	1.14%	3.50 Cr
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	3228.51	1.07%	6.50 k
Bond - Julius Baer Capital (India) Pvt Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	2994.56	0.99%	6.00 k
Bond - Reliance Retail Ventures Ltd.	CP	Diversified retail	P1+	CRISIL	2980.32	0.99%	6.00 k
Bond - Tata Power Co. Ltd.	CP	Integrated power utilities	P1+	CRISIL	2973.81	0.98%	6.00 k
Bond - IIFL Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	2972.62	0.98%	6.00 k
Bond - Union Bank Of India	CD	Public sector bank	F1+	FITCH	2975.64	0.98%	6.00 k
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	2735.07	0.90%	5.50 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	2722.16	0.90%	5.50 k
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	2485.06	0.82%	5.00 k
Bond - Punjab & Sind Bank	CD	Public sector bank	A1+	ICRA	2479.24	0.82%	5.00 k
Bond - Punjab & Sind Bank	CD	Public sector bank	A1+	ICRA	2478.83	0.82%	5.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	2473.49	0.82%	5.00 k
Bond - T-Bill	T-Bills	Other			2467.27	0.82%	2.50 Cr
Bond - Kisetsu Saison Finance (India) Private Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	2491.52	0.82%	5.00 k
Bond - Aditya Birla Housing Finance Ltd.	CP	Housing finance company	A1+	ICRA	2490.15	0.82%	5.00 k
Bond - Small Industries Development Bank Of India	CP	Financial institution	PR1+	CARE	2484.57	0.82%	5.00 k
Bond - Indian Oil Corporation Ltd.	CP	Refineries & marketing	A1+	ICRA	2481.80	0.82%	5.00 k
Bond - Hindalco Industries Ltd.	CP	Aluminium	P1+	CRISIL	2468.75	0.82%	5.00 k
Bond - T-Bill	T-Bills	Other			2191.26	0.72%	2.20 Cr
Bond - T-Bill	T-Bills	Other			1996.42	0.66%	2.00 Cr
Bond - Can Fin Homes Ltd.	NCD & Bonds	Housing finance company	LAAA	ICRA	2001.56	0.66%	2.00 k
Bond - Union Bank Of India	CD	Public sector bank	F1+	FITCH	1987.56	0.66%	4.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	1987.41	0.66%	4.00 k
Bond - Aseem Infrastructure Finance Ltd.	CP	Non banking financial company (nbfc)	PR1+	CARE	1996.13	0.66%	4.00 k
Bond - Hsbc Investdirect Financial Services India Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1988.07	0.66%	4.00 k
Bond - Kotak Securities Ltd.	CP	Stockbroking & allied	A1+	ICRA	1986.66	0.66%	4.00 k
Bond - HDFC Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1986.56	0.66%	4.00 k
Bond - SBICAP Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1985.33	0.66%	4.00 k
Bond - Cesc Ltd.	CP	Integrated power utilities	PR1+	CARE	1984.58	0.66%	4.00 k
Bond - HDFC Securities Ltd.	CP	Stockbroking & allied	A1+	ICRA	1984.45	0.66%	4.00 k
Bond - Bharti Airtel Ltd.	CP	Telecom - cellular & fixed line services	P1+	CRISIL	1984.27	0.66%	4.00 k
Bond - IIFL Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1960.16	0.65%	4.00 k
Bond - Godrej Consumer Products Ltd	CP	Personal care	P1+	CRISIL	1748.27	0.58%	3.50 k
Bond - IGH Holdings Private Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1743.58	0.58%	3.50 k
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	1738.66	0.58%	3.50 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	1738.47	0.58%	3.50 k
Bond - Network 18 Media & Invst. Ltd.	CP	Media & entertainment	F1+	FITCH	1738.15	0.57%	3.50 k
Bond - Aditya Birla Money Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1494.56	0.49%	3.00 k
Bond - Manappuram Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1490.79	0.49%	3.00 k
Bond - Deutsche Investments India Pvt. Ltd.	CP	Investment company	P1+	CRISIL	1489.97	0.49%	3.00 k
Bond - Aditya Birla Money Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1489.86	0.49%	3.00 k
Bond - Sharekhan Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1489.44	0.49%	3.00 k
Bond - Godrej Consumer Products Ltd	CP	Personal care	A1+	ICRA	1487.47	0.49%	3.00 k
Bond - Bank Of India	CD	Public sector bank	P1+	CRISIL	1491.95	0.49%	3.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	1488.75	0.49%	3.00 k
Bond - T-Bill	T-Bills	Other			1398.94	0.46%	1.40 Cr
Bond - Highways Infrastructure Trust	CP	Road assets–toll, annuity, hybrid-annuity	P1+	CRISIL	1389.48	0.46%	2.80 k
Bond - HDFC Securities Ltd.	CP	Stockbroking & allied	PR1+	CARE	1247.43	0.41%	2.50 k
Bond - Govt of India	GOI	Other			1046.17	0.35%	1.05 Cr
Bond - ICICI Home Finance Company Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1000.87	0.33%	1.00 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	994.49	0.33%	2.00 k
Bond - Bank Of India	CD	Public sector bank	P1+	CRISIL	994.47	0.33%	2.00 k
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	992.58	0.33%	2.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	992.58	0.33%	2.00 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	PR1+	CARE	988.09	0.33%	2.00 k
Bond - Bajaj Financial Securities Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	997.92	0.33%	2.00 k
Bond - CNH Industrial Capital India Private Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	995.86	0.33%	2.00 k
Bond - SBICAP Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	995.73	0.33%	2.00 k
Bond - Piramal Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	995.66	0.33%	2.00 k
Bond - Piramal Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	995.47	0.33%	2.00 k
Bond - Aseem Infrastructure Finance Ltd.	CP	Non banking financial company (nbfc)	F1+	FITCH	994.08	0.33%	2.00 k
Bond - SBICAP Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	993.20	0.33%	2.00 k
Bond - NU Vista Ltd.	CP	Cement & cement products	P1+	CRISIL	992.91	0.33%	2.00 k
Bond - Godrej Properties Ltd.	CP	Residential, commercial projects	A1+	ICRA	992.24	0.33%	2.00 k
Bond - 360 ONE WAM Ltd.	CP	Other financial services	PR1+	CARE	992.14	0.33%	2.00 k
Bond - NU Vista Ltd.	CP	Cement & cement products	P1+	CRISIL	991.71	0.33%	2.00 k
Bond - SBICAP Securities Ltd.	CP	Stockbroking & allied	A1+	ICRA	990.89	0.33%	2.00 k
Bond - SBICAP Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	990.54	0.33%	2.00 k
Bond - Network 18 Media & Invst. Ltd.	CP	Media & entertainment	F1+	FITCH	987.89	0.33%	2.00 k
Bond - DSP Finance Private Ltd.	CP	Non banking financial company (nbfc)	F1+	FITCH	891.55	0.29%	1.80 k
Bond - Mirae Asset Financial Services (India) Pvt Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	749.59	0.25%	1.50 k
Bond - Godrej Industries Ltd	CP	Animal feed	A1+	ICRA	745.72	0.25%	1.50 k
Bond - Godrej Industries Ltd	CP	Animal feed	A1+	ICRA	745.34	0.25%	1.50 k
Bond - Godrej Properties Ltd.	CP	Residential, commercial projects	A1+	ICRA	744.31	0.25%	1.50 k
Bond - Julius Baer Capital (India) Pvt Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	742.83	0.25%	1.50 k
Bond - Godrej Industries Ltd	CP	Animal feed	P1+	CRISIL	741.63	0.25%	1.50 k
Bond - Godrej Industries Ltd	CP	Animal feed	A1+	ICRA	741.50	0.25%	1.50 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	745.90	0.25%	1.50 k
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	644.08	0.21%	1.30 k
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	595.15	0.20%	1.20 k
Bond - T-Bill	T-Bills	Other			547.32	0.18%	55.00 L
Bond - Tata Capital Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	500.04	0.17%	500.00
Bond - Bank Of Baroda	CD	Public sector bank	PR1+	CARE	494.62	0.16%	1.00 k
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	492.87	0.16%	1.00 k
Bond - Godrej Agrovet Ltd.	CP	Animal feed	P1+	CRISIL	498.05	0.16%	1.00 k
Bond - Indian Oil Corporation Ltd.	CP	Refineries & marketing	P1+	CRISIL	496.84	0.16%	1.00 k
Bond - Hero Housing Finance Ltd.	CP	Housing finance company	P1+	CRISIL	496.58	0.16%	1.00 k
Bond - Tata Projects Ltd.	CP	Civil construction	P1+	CRISIL	496.56	0.16%	1.00 k
Bond - Indian Oil Corporation Ltd.	CP	Refineries & marketing	P1+	CRISIL	496.12	0.16%	1.00 k
Bond - Godrej Industries Ltd	CP	Animal feed	A1+	ICRA	495.73	0.16%	1.00 k
Bond - Birla Group Holdings Private Ltd.	CP	Investment company	P1+	CRISIL	495.60	0.16%	1.00 k
Bond - DSP Finance Private Ltd.	CP	Non banking financial company (nbfc)	F1+	FITCH	495.58	0.16%	1.00 k
Bond - 360 One Prime Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	491.49	0.16%	1.00 k
Bond - Nuvoco Vistas Corporation Ltd.	CP	Cement & cement products	F1+	FITCH	398.89	0.13%	800.00
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	298.39	0.10%	600.00
Bond - Federal Bank Ltd.	CD	Private sector bank	P1+	CRISIL	248.32	0.08%	500.00
Bond - Union Bank Of India	CD	Public sector bank	F1+	FITCH	248.13	0.08%	500.00
Bond - Govt of India	GOI	Other			250.67	0.08%	25.00 L
Bond - T-Bill	T-Bills	Other			249.30	0.08%	25.00 L
Bond - T-Bill	T-Bills	Other			248.52	0.08%	25.00 L
Bond - T-Bill	T-Bills	Other			248.27	0.08%	25.00 L
Bond - T-Bill	T-Bills	Other			198.62	0.07%	20.00 L
Bond - T-Bill	T-Bills	Other			99.71	0.03%	10.00 L
Bond - Govt of India	GOI	Other			100.08	0.03%	10.00 L