Best liquid and overnight funds
54 funds match this screen, ranked on expense ratio. Where should money sit for a few weeks?
Criteria: Liquid and overnight funds with expense ≤ 0.20%.
For money you will need soon, the funds are nearly interchangeable — they hold the same short-dated paper — so cost and same-day redemption decide it, not last year's return. Ranking these on returns would be the mistake this whole section exists to avoid.
Best liquid and overnight funds, ranked by expense ratio
| # | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1 | BANDHAN LIQUID Fund -Direct Plan-GrowthGold | Liquid Fund | 0.07% | +6.91% | 50% | -0.2% | +6.92% | ₹20,198 Cr |
| 2 | Union Liquid Fund - Direct Plan - Growth OptionGold | Liquid Fund | 0.07% | +5.99% | 45% | -3.3% | +6.95% | ₹7,578 Cr |
| 3 | BANDHAN Overnight Fund - Direct Plan - GrowthSilver | Overnight Fund | 0.07% | +5.37% | 46% | — | +6.06% | ₹1,160 Cr |
| 4 | Baroda BNP Paribas Overnight Fund - Direct Plan - GrowthGold | Overnight Fund | 0.07% | +5.55% | 49% | — | +6.06% | ₹852 Cr |
| 5 | Franklin India Overnight Fund- Growth - Direct | Overnight Fund | 0.07% | +5.45% | 47% | — | +6.05% | ₹685 Cr |
| 6 | HSBC Overnight Fund - Direct GrowthPlatinum | Overnight Fund | 0.07% | +5.62% | 51% | — | +6.06% | ₹4,535 Cr |
| 7 | CANARA ROBECO LIQUID FUND - DIRECT PLAN - GROWTH OPTIONGold | Liquid Fund | 0.08% | +6.99% | 54% | -0.2% | +6.94% | ₹6,783 Cr |
| 8 | Baroda BNP Paribas LIQUID FUND - DIRECT PLAN - GROWTH OPTIONGold | Liquid Fund | 0.08% | +6.96% | 54% | -0.2% | +6.91% | ₹13,194 Cr |
| 9 | Sundaram Overnight Fund Direct Plan - GrowthSilver | Overnight Fund | 0.08% | +5.44% | 47% | — | +6.04% | ₹1,335 Cr |
| 10 | CANARA ROBECO OVERNIGHT FUND - DIRECT PLAN - GROWTH OPTION | Overnight Fund | 0.08% | +5.64% | 51% | — | +5.98% | ₹737 Cr |
| 11 | Invesco India Overnight Fund - Direct Plan - GrowthSilver | Overnight Fund | 0.08% | +5.94% | 58% | — | +6.06% | ₹343 Cr |
| 12 | NJ Overnight Fund - Direct Plan - Growth Option | Overnight Fund | 0.08% | +6.28% | 100% | — | +5.98% | ₹348 Cr |
| 13 | Bajaj Finserv Liquid Fund - Direct Plan - GrowthGold | Liquid Fund | 0.08% | — | — | -0.0% | +6.96% | ₹8,589 Cr |
| 14 | Mirae Asset Liquid Fund - Direct Plan - GrowthSilver | Liquid Fund | 0.09% | +6.96% | 52% | -0.2% | +6.93% | ₹17,359 Cr |
| 15 | BANK OF INDIA Liquid Fund- Direct Plan- GrowthPlatinum | Liquid Fund | 0.09% | +7.01% | 56% | -0.2% | +6.96% | ₹1,825 Cr |
| 16 | SBI OVERNIGHT FUND - DIRECT PLAN - GROWTH | Overnight Fund | 0.09% | +6.10% | 63% | -0.1% | +6.02% | ₹23,407 Cr |
| 17 | UTI - Overnight Fund - Direct Plan - Growth Option | Overnight Fund | 0.09% | +5.03% | 41% | — | +6.06% | ₹5,648 Cr |
| 18 | ADITYA BIRLA SUN LIFE OVERNIGHT FUND-DIRECT PLAN-GROWTHPlatinum | Overnight Fund | 0.09% | +5.23% | 44% | — | +6.05% | ₹10,464 Cr |
| 19 | ICICI Prudential Overnight Fund - Direct Plan - Growth | Overnight Fund | 0.09% | +6.33% | 100% | — | +6.04% | ₹14,368 Cr |
| 20 | Kotak Overnight Fund -Direct Plan-Growth OptionPlatinum | Overnight Fund | 0.09% | +5.38% | 46% | — | +6.06% | ₹8,618 Cr |
| 21 | Axis Overnight Fund - Direct Plan - Growth OptionPlatinum | Overnight Fund | 0.09% | +5.48% | 48% | -0.1% | +6.09% | ₹11,325 Cr |
| 22 | Tata Overnight Fund-Direct Plan-GrowthPlatinum | Overnight Fund | 0.09% | +5.45% | 47% | — | +6.08% | ₹4,571 Cr |
| 23 | Mirae Asset Overnight Fund - Direct Plan - GrowthGold | Overnight Fund | 0.09% | +5.90% | 57% | — | +6.07% | ₹1,727 Cr |
| 24 | BANK OF INDIA Overnight Fund Direct Plan GrowthGold | Overnight Fund | 0.09% | +6.08% | 62% | — | +6.19% | ₹109 Cr |
| 25 | Edelweiss Liquid Fund - Direct Plan - Growth OptionGold | Liquid Fund | 0.10% | +5.88% | 25% | -0.1% | +6.99% | ₹13,272 Cr |
| 26 | Nippon India Overnight Fund - Direct Plan - Growth OptionGold | Overnight Fund | 0.10% | +5.31% | 45% | — | +6.07% | ₹8,548 Cr |
| 27 | LIC MF Overnight Fund-Direct Plan-GrowthSilver | Overnight Fund | 0.10% | +5.71% | 52% | — | +6.06% | ₹732 Cr |
| 28 | TRUSTMF Liquid Fund-Direct Plan-GrowthSilver | Liquid Fund | 0.10% | +6.91% | 52% | -0.5% | +6.88% | ₹1,203 Cr |
| 29 | HDFC Overnight Fund - Growth Option - Direct Plan | Overnight Fund | 0.11% | +5.55% | 49% | — | +6.00% | ₹12,190 Cr |
| 30 | Groww Liquid Fund ( formerly known as Indiabulls Liquid )Fund - Direct Plan - Growth OptionGold | Liquid Fund | 0.11% | +6.96% | 53% | -0.3% | +6.96% | ₹381 Cr |
| 31 | PGIM India Liquid Fund - Direct Plan - GrowthGold | Liquid Fund | 0.11% | +6.27% | 34% | -0.1% | +6.97% | ₹1,031 Cr |
| 32 | Parag Parikh Liquid Fund- Direct Plan- Growth | Liquid Fund | 0.11% | +5.22% | 0% | -0.0% | +6.69% | ₹6,722 Cr |
| 33 | DSP Overnight Fund - Direct Plan - GrowthSilver | Overnight Fund | 0.11% | +5.39% | 46% | — | +6.05% | ₹2,854 Cr |
| 34 | Edelweiss Overnight Fund - Direct Plan - Growth | Overnight Fund | 0.11% | +5.68% | 52% | — | +6.01% | ₹192 Cr |
| 35 | Bajaj Finserv Overnight Fund - Direct Plan - GrowthPlatinum | Overnight Fund | 0.11% | — | — | — | +6.07% | ₹653 Cr |
| 36 | DSP Liquidity Fund - Direct Plan - GrowthPlatinum | Liquid Fund | 0.12% | +6.99% | 53% | -0.2% | +6.97% | ₹22,962 Cr |
| 37 | WhiteOak Capital Liquid Fund- Direct plan-Growth OptionBronze | Liquid Fund | 0.12% | +5.51% | 15% | -0.1% | +6.85% | ₹743 Cr |
| 38 | JM Overnight Fund - (Direct) - Growth | Overnight Fund | 0.12% | +5.90% | 57% | — | +5.94% | ₹148 Cr |
| 39 | HSBC Liquid Fund - Growth DirectGold | Liquid Fund | 0.13% | +6.98% | 54% | -0.3% | +6.94% | ₹20,975 Cr |
| 40 | LIC MF Liquid Fund-Direct Plan-GrowthGold | Liquid Fund | 0.13% | +6.96% | 52% | -0.2% | +6.92% | ₹17,484 Cr |
| 41 | Axis Liquid Fund - Direct Plan - Growth OptionPlatinum | Liquid Fund | 0.13% | +7.03% | 55% | -0.2% | +6.99% | ₹63,343 Cr |
| 42 | Franklin India Liquid Fund - Super Institutional - Direct - GrowthPlatinum | Liquid Fund | 0.14% | +7.01% | 54% | -0.2% | +6.98% | ₹6,082 Cr |
| 43 | Union Overnight Fund - Direct Plan - Growth OptionSilver | Overnight Fund | 0.14% | +5.58% | 50% | — | +6.05% | ₹411 Cr |
| 44 | Sundaram Liquid Fund (Formerly Known as Principal Cash Management Fund) - Direct Plan - Growth OptionSilver | Liquid Fund | 0.14% | +7.03% | 83% | -0.0% | +6.99% | ₹9,094 Cr |
| 45 | Quantum Liquid Fund - Direct Plan Growth Option | Liquid Fund | 0.15% | +6.67% | 39% | -0.3% | +6.52% | ₹556 Cr |
| 46 | Kotak Liquid Fund - Direct Plan - GrowthPlatinum | Liquid Fund | 0.15% | +6.89% | 50% | -0.3% | +6.93% | ₹49,073 Cr |
| 47 | UTI Liquid Fund - Direct Plan - Growth Option | Liquid Fund | 0.15% | — | — | 0.0% | — | ₹29,218 Cr |
| 48 | Mahindra Manulife Liquid Fund - Direct Plan -GrowthGold | Liquid Fund | 0.15% | +6.15% | 32% | -0.2% | +6.97% | ₹1,392 Cr |
| 49 | PGIM India Overnight Fund - Direct Plan - Growth Option | Overnight Fund | 0.18% | +5.79% | 54% | — | +6.00% | ₹153 Cr |
| 50 | Nippon India Liquid Fund - Direct Plan Growth Plan - Growth OptionPlatinum | Liquid Fund | 0.20% | +7.00% | 54% | -0.2% | +6.97% | ₹43,125 Cr |
| 51 | HDFC Liquid Fund - Growth Option - Direct PlanSilver | Liquid Fund | 0.20% | +6.28% | 33% | -0.2% | +6.92% | ₹71,323 Cr |
| 52 | SBI Liquid Fund - DIRECT PLAN -GrowthGold | Liquid Fund | 0.20% | +6.93% | 52% | -0.2% | +6.89% | ₹92,192 Cr |
| 53 | ICICI Prudential Liquid Fund - Direct Plan - GrowthGold | Liquid Fund | 0.20% | +6.95% | 52% | -0.2% | +6.93% | ₹62,798 Cr |
| 54 | Motilal Oswal Liquid Fund - Direct Growth | Liquid Fund | 0.20% | +5.21% | 0% | -0.1% | +6.55% | ₹1,015 Cr |
Badges are our own quality tiers — Platinum (top 10%), Gold (25%), Silver (50%), Bronze (75%) — scored within each sub-category, so they compare a fund with its peers and not with funds of a different type. “3Y typical” is the median annualised return across every 3-year holding period the fund has lived through, not a single 3-year figure; “3Y loss odds” is the share of those periods that ended down. “Beat peers” is the share in which it beat its category's median, and “worst fall” is its deepest peak-to-trough drop. Open a fund for the full distribution. Click any column heading to re-sort — including the fund name, which groups a house’s funds together. Funds with no value for a column sort last. Returns over 1 year are annualised (CAGR). Past performance does not indicate future returns. Eligibility: Direct plan, Growth option. Wound-up, suspended and distributing (IDCW/payout) variants are excluded. Distributing funds are matched by NAME as well as by option, because the option field is wrong on around 100 schemes.
For the full category view, see our main page for this category, which covers every fund in it rather than only those meeting this screen.