Funds / Mutual Funds / Scheme 118698
Nippon India Liquid Fund
Direct Plan · QUARTERLY IDCW OPTION · Nippon India Mutual Fund · scheme code 118698 · ISIN INF204K01ZK4
- Scheme code
- 118698
- Latest NAV
- ₹1004.6995
- NAV date
- 23 Sep 2026
- Fund house
- Nippon India Mutual Fund
Reading this dossier
Data, not advice. These pages show NAV history, category and computed returns as published by AMFI, so funds can be compared side by side. StockProof does not rank funds, does not score them, and does not recommend buying, selling or holding any of them. Past NAV movement is not an indication of future returns.
Fund names here are CURRENT names, not the name the fund had on the date shown. AMFI retroactively restates historical scheme names to whatever the fund is called today: its own April 2006 file lists schemes under "Nippon India Mutual Fund", a fund house that did not exist until 2019 (it was Reliance). Measured on 2026-08-29, all 1,947 scheme codes present in both AMFI's 2018 and 2026 files showed zero name changes — not because renames are rare in the Indian fund industry, but because the history is rewritten. StockProof stores and shows only the current name and does not attempt to reconstruct point-in-time names, because AMFI publishes nothing that would make that possible. The NAV figures themselves are as published for each date and are not restated.
Long-window returns are measured only over funds that still exist. Of the 1,790 scheme codes AMFI priced in April 2006, only 568 (31%) were still being priced in 2026. Funds that closed or merged are not in a long-period comparison, so any group of surviving funds looks better than the choice an investor actually faced at the time.
Benchmark, benchmark return and AUM figures on this page are AMFI's own published disclosure — the same SEBI-mandated benchmark every fund must declare and report against, sourced from AMFI's Fund Performance data. StockProof does not compute the benchmark return itself: it shows the number AMFI and the fund house publish, exactly as published. StockProof does not rank funds or benchmarks by this figure, and this is not a recommendation to buy, sell or hold anything.
This section is matched to the scheme above by FUND NAME, not by scheme code or ISIN — AMFI's benchmark-disclosure API carries neither, unlike its NAV files. Measured 2026-08-29 across the whole universe, this name match succeeds for about 86% of funds; most misses are small spelling or punctuation drift between AMFI's own two systems, not a wrong match — a fund with no match here simply shows no data rather than another fund's. One disclosed row also covers BOTH the Regular and Direct plan of a fund together, because that is the granularity AMFI itself publishes at — one level coarser than the per-plan scheme codes StockProof otherwise tracks.
Scheme
| Latest NAV | ₹1004.6995 |
|---|---|
| NAV date | 23 Sep 2026 |
| Category | Debt · Liquid Fund |
| Structure | Open Ended |
| Status | Open — priced in AMFI's latest file |
| As published by AMFI | Open Ended Schemes(Debt Scheme - Liquid Fund)
StockProof normalizes AMFI's 104 category spellings onto 56 categories; this is the raw string behind the one shown above. |
| Stored NAV history | 1107 points, 01 Sep 2023 → 23 Sep 2026 |
Benchmark & AUM
| Benchmark | NIFTY Liquid Index A-I |
|---|---|
| Daily AUM | ₹44,435.14 Cr. |
| As of | 27 Aug 2026 |
| Riskometer — scheme | Moderate |
| Riskometer — benchmark | Low to Moderate |
Fund vs benchmark
Regular and Direct are the plan's own trailing return; Benchmark is the same window's return on the declared benchmark above, as published by AMFI. A window is blank when AMFI has not published it for this fund, most often because the fund has not existed that long.
| Window | Regular | Direct | Benchmark |
|---|---|---|---|
| 1 Year | 6.36% | 6.50% | 6.39% |
| 3 Year | 6.85% | 6.99% | 6.91% |
| 5 Year | 6.19% | 6.34% | 6.30% |
| 10 Year | 6.04% | 6.17% | 6.03% |
| Since launch | 6.84% | 6.87% | see below |
"Since launch" benchmark return is shown per plan, not as one column above — the Regular and Direct plan of a fund can launch on different dates, so each is benchmarked over its own window: Regular 6.97%, Direct 6.75%.
Returns (CAGR)
Compound annual growth of NAV over each trailing window, computed from stored history with the same function the company pages use. A window is only shown as a number when the stored history genuinely reaches back that far — it is never computed over a shorter span and labelled as the longer one.
| Window | CAGR | Basis |
|---|---|---|
| 1-year | 0.03% | NAV 1,004.4057 on 23 Sep 2025 to 1,004.6995 on 23 Sep 2026 (1-year, AMFI) |
| 3-year | 0.00% | NAV 1,004.6190 on 23 Sep 2023 to 1,004.6995 on 23 Sep 2026 (3-year, AMFI) |
| 5-year | N/A | Stored NAV history starts 01 Sep 2023, which does not reach back a full 5 years from 23 Sep 2026. |
| 10-year | N/A | Stored NAV history starts 01 Sep 2023, which does not reach back a full 10 years from 23 Sep 2026. |
| Since stored history begins | -0.45% | NAV 1,018.7307 on 01 Sep 2023 to 1,004.6995 on 23 Sep 2026 (3.1 years stored, AMFI) |
"Since stored history begins" is deliberately not called "since inception" — AMFI publishes no NAV before 1 April 2006, so for an older fund its true inception NAV is not in any public AMFI feed.
Holdings X-ray
These holdings are the fund house's own SEBI-mandated monthly portfolio disclosure, read from the file the AMC publishes and shown as published. StockProof does not estimate, model or infer a single holding. The portfolio is a SNAPSHOT on the date shown — usually a month-end — and a fund can and does trade in between, so what it holds today is not necessarily what is listed here. Nothing on this page ranks funds, scores them, or recommends buying, selling or holding anything.
StockProof can only link a holding to a company page if that company is in the Nifty 500 universe it tracks. Everything the fund disclosed is listed here either way — holdings outside that universe are shown with their real names and weights and counted explicitly as "outside tracked universe", never dropped. Two coverage figures are given because they can differ enormously and either one alone is misleading: the share of holding LINES that link, and the share of disclosed WEIGHT that links. Parag Parikh Flexi Cap Fund is the standing example — under half its lines link, but around three-quarters of its weight does, because its unlinked positions are a handful of very large US holdings.
Coverage varies enormously by fund type and low coverage is a fact about the universe boundary, not a defect. Large-cap, flexi-cap and index funds typically X-ray at over 90% of disclosed weight; small-cap funds fall to roughly 44–75%, because much of what they own sits below the Nifty 500; and a pure debt fund links at zero, because bonds are not companies in StockProof's universe at all. Read the coverage figure before reading the holdings: at 45% coverage the listed companies are a minority of the fund.
The disclosed holdings usually do not add to 100% of the fund. The remainder is cash, TREPS, repo and derivative margin, which the AMC reports without a security line. Weights here are the AMC's own "% to NAV" figures, so they are shares of the WHOLE fund and can be added up directly — but the total falling short of 100% is normal and is shown rather than scaled away.
Holdings are matched to companies by ISIN — the security's own permanent identifier, never by name — so a matched company is the security the fund disclosed and not a guess. The FUND itself is matched to this page by NAME, which is weaker: measured 2026-08-30 across 625 portfolios, that name match succeeds for about 91% of funds, because the AMC's file carries no AMFI scheme code. A fund with no match simply shows no holdings section rather than another fund's. One disclosed portfolio also covers every plan and option of a fund at once, since that is the granularity the fund house publishes at.
How much of this fund StockProof can show
| Of the weight the fund disclosed, tracked | 0.0% | 0.0% of NAV, out of the 96.3% the fund disclosed in security lines |
|---|---|---|
| Of the holding lines disclosed, tracked | 0.0% | 0 of 164 positions. This can differ sharply from the weight figure above — a few very large untracked holdings move one and not the other. |
| Outside StockProof's tracked universe | 164 | 96.3% of NAV — listed in full below with real names and weights, never dropped |
| Not in any security line | 3.7% | cash, TREPS, repo and derivative margin, which the fund house reports without a security line |
Portfolio as disclosed by Nippon India Liquid Fund on 31 Aug 2026, read from the fund house's own published file (sheet LF). The unit check passed: 96.26% of NAV over 164 lines is consistent with 'fraction'.
| Holding | Industry / rating | % of NAV | Tracked |
|---|---|---|---|
| 91 Days Tbill IN002026X115 | — | 2.89% | outside tracked universe |
| 91 Days Tbill IN002026X164 | — | 2.69% | outside tracked universe |
| Small Industries Dev Bank of India** INE556F14MM5 | CRISIL A1+ | 2.66% | outside tracked universe |
| Reliance Retail Ventures Limited** INE929O14FE7 | CRISIL A1+ | 2.31% | outside tracked universe |
| HDFC Bank Limited INE040A16JY7 | CARE A1+ | 1.95% | outside tracked universe |
| National Bank For Agriculture and Rural Development INE261F14PR4 | ICRA A1+ | 1.74% | outside tracked universe |
| HDFC Bank Limited INE040A16JS9 | CARE A1+ | 1.73% | outside tracked universe |
| National Bank For Agriculture and Rural Development** INE261F14PX2 | CRISIL A1+ | 1.73% | outside tracked universe |
| National Bank For Agriculture and Rural Development** INE261F14QE0 | CRISIL A1+ | 1.65% | outside tracked universe |
| 91 Days Tbill IN002026X131 | — | 1.62% | outside tracked universe |
| 91 Days Tbill IN002026X149 | — | 1.43% | outside tracked universe |
| 91 Days Tbill IN002026X172 | — | 1.37% | outside tracked universe |
| Hindustan Petroleum Corporation Limited** INE094A14KL4 | CRISIL A1+ | 1.37% | outside tracked universe |
| Can Fin Homes Limited** INE477A14EJ8 | ICRA A1+ | 1.16% | outside tracked universe |
| Export Import Bank of India** INE514E14TP5 | CRISIL A1+ | 1.16% | outside tracked universe |
| HDFC Bank Limited** INE040A16JQ3 | CARE A1+ | 1.16% | outside tracked universe |
| Punjab National Bank** INE160A16VK7 | FITCH A1+ | 1.16% | outside tracked universe |
| The Federal Bank Limited** INE171A16NT2 | CRISIL A1+ | 1.16% | outside tracked universe |
| Bajaj Housing Finance Limited** INE377Y14CH8 | CRISIL A1+ | 1.15% | outside tracked universe |
| Export Import Bank of India** INE514E14TS9 | CRISIL A1+ | 1.15% | outside tracked universe |
| Indian Overseas Bank** INE565A16BV6 | CARE A1+ | 1.15% | outside tracked universe |
| National Bank For Agriculture and Rural Development** INE261F14QA8 | CRISIL A1+ | 1.15% | outside tracked universe |
| NTPC Limited** INE733E14CH4 | CRISIL A1+ | 1.15% | outside tracked universe |
| NTPC Limited** INE733E14CF8 | CRISIL A1+ | 1.15% | outside tracked universe |
| Small Industries Dev Bank of India** INE556F14MN3 | CRISIL A1+ | 1.15% | outside tracked universe |
| Union Bank of India INE692A16MZ6 | ICRA A1+ | 1.15% | outside tracked universe |
| Union Bank of India** INE692A16MV5 | ICRA A1+ | 1.15% | outside tracked universe |
| Union Bank of India** INE692A16MS1 | ICRA A1+ | 1.15% | outside tracked universe |
| National Bank For Agriculture and Rural Development** INE261F14QB6 | ICRA A1+ | 1.14% | outside tracked universe |
| Central Bank of India** INE483A16KW1 | CRISIL A1+ | 1.10% | outside tracked universe |
| ICICI Securities Limited** INE763G14K46 | CRISIL A1+ | 1.04% | outside tracked universe |
| 91 Days Tbill IN002026X214 | — | 1.03% | outside tracked universe |
| Export Import Bank of India INE514E14TN0 | CRISIL A1+ | 0.93% | outside tracked universe |
| Central Bank of India** INE483A16KX9 | CRISIL A1+ | 0.92% | outside tracked universe |
| CESC Limited** INE486A14GH8 | ICRA A1+ | 0.91% | outside tracked universe |
| National Bank For Agriculture and Rural Development** INE261F14QC4 | ICRA A1+ | 0.91% | outside tracked universe |
| HDFC Securities Limited** INE700G14UE7 | CARE A1+ | 0.87% | outside tracked universe |
| HDFC Bank Limited INE040A16HL8 | CARE A1+ | 0.80% | outside tracked universe |
| 182 Days Tbill IN002025Y495 | — | 0.75% | outside tracked universe |
| 6.72% IndiGrid Infrastructure Trust** INE219X07306 | CRISIL AAA | 0.72% | outside tracked universe |
| IndusInd Bank Limited** INE095A168E5 | CRISIL A1+ | 0.70% | outside tracked universe |
| Central Bank of India** INE483A16KT7 | CARE A1+ | 0.69% | outside tracked universe |
| Hindustan Petroleum Corporation Limited** INE094A14KK6 | CRISIL A1+ | 0.69% | outside tracked universe |
| Karur Vysya Bank Limited** INE036D16KD1 | CRISIL A1+ | 0.69% | outside tracked universe |
| Seil Energy India Limited** INE460M14883 | CRISIL A1+ | 0.69% | outside tracked universe |
| Small Industries Dev Bank of India** INE556F14ML7 | CRISIL A1+ | 0.69% | outside tracked universe |
| Tata Capital Housing Finance Limited** INE033L14PC7 | CRISIL A1+ | 0.69% | outside tracked universe |
| IIFL Finance Limited** INE530B14IQ8 | CRISIL A1+ | 0.68% | outside tracked universe |
| 6.97% Government of India IN0020160035 | SOVEREIGN | 0.61% | outside tracked universe |
| Central Bank of India** INE483A16KS9 | CRISIL A1+ | 0.58% | outside tracked universe |
| Grasim Industries Limited** INE047A14BC0 | CRISIL A1+ | 0.58% | outside tracked universe |
| ICICI Bank Limited** INE090AD6378 | ICRA A1+ | 0.58% | outside tracked universe |
| ICICI Securities Limited** INE763G14K38 | CRISIL A1+ | 0.58% | outside tracked universe |
| Kisetsu Saison Fin Ind Pvt Ltd** INE0DZE14388 | CRISIL A1+ | 0.58% | outside tracked universe |
| Kotak Securities Limited** INE028E14WW6 | CRISIL A1+ | 0.58% | outside tracked universe |
| Motilal Oswal Financial Services Limited** INE338I14MT7 | ICRA A1+ | 0.58% | outside tracked universe |
| NTPC Limited** INE733E14CC5 | CRISIL A1+ | 0.58% | outside tracked universe |
| Reliance Retail Ventures Limited** INE929O14FB3 | CRISIL A1+ | 0.58% | outside tracked universe |
| Small Industries Dev Bank of India INE556F14MJ1 | CRISIL A1+ | 0.58% | outside tracked universe |
| Union Bank of India** INE692A16ML6 | FITCH A1+ | 0.58% | outside tracked universe |
| 364 Days Tbill IN002025Z351 | — | 0.57% | outside tracked universe |
| Apollo Tyres Limited** INE438A14JY8 | CRISIL A1+ | 0.57% | outside tracked universe |
| Axis Bank Limited INE238AD6BP3 | CRISIL A1+ | 0.57% | outside tracked universe |
| Bharat Petroleum Corporation Limited** INE029A14BX4 | CRISIL A1+ | 0.57% | outside tracked universe |
| Central Bank of India** INE483A16LB3 | CRISIL A1+ | 0.57% | outside tracked universe |
| HDFC Securities Limited** INE700G14VT3 | CARE A1+ | 0.57% | outside tracked universe |
| HDFC Securities Limited** INE700G14VF2 | CARE A1+ | 0.57% | outside tracked universe |
| Punjab National Bank INE160A16UT0 | CARE A1+ | 0.56% | outside tracked universe |
| TATA Realty & Infrastructure Limited** INE371K14DQ9 | ICRA A1+ | 0.52% | outside tracked universe |
| Aditya Birla Capital Limited** INE674K14CK1 | ICRA A1+ | 0.46% | outside tracked universe |
| Aditya Birla Housing Finance Limited** INE831R14GI7 | CRISIL A1+ | 0.46% | outside tracked universe |
| Axis Bank Limited** INE238AD6BO6 | CRISIL A1+ | 0.46% | outside tracked universe |
| Bajaj Financial Securities Limited** INE01C314GY2 | CRISIL A1+ | 0.46% | outside tracked universe |
| Birla Group Holdings Private Limited** INE09OL14JQ8 | ICRA A1+ | 0.46% | outside tracked universe |
| DSP Finance Private Limited** INE422H14628 | ICRA A1+ | 0.46% | outside tracked universe |
| Godrej Housing Finance Limited** INE02JD14872 | ICRA A1+ | 0.46% | outside tracked universe |
| HDFC Securities Limited** INE700G14UP3 | CARE A1+ | 0.46% | outside tracked universe |
| Hero Fincorp Limited** INE957N14KY8 | CRISIL A1+ | 0.46% | outside tracked universe |
| IDBI Bank Limited** INE008A169B5 | CRISIL A1+ | 0.46% | outside tracked universe |
| IIFL Finance Limited** INE530B14HV0 | CRISIL A1+ | 0.46% | outside tracked universe |
| IIFL Home Finance Limited** INE477L14FY1 | CRISIL A1+ | 0.46% | outside tracked universe |
| Indian Bank** INE562A16RG0 | CRISIL A1+ | 0.46% | outside tracked universe |
| Kisetsu Saison Fin Ind Pvt Ltd** INE0DZE14446 | CARE A1+ | 0.46% | outside tracked universe |
| Knowledge Realty Trust** INE1JAR14024 | CRISIL A1+ | 0.46% | outside tracked universe |
| Kotak Securities Limited** INE028E14XV6 | CRISIL A1+ | 0.46% | outside tracked universe |
| Kotak Securities Limited** INE028E14XW4 | ICRA A1+ | 0.46% | outside tracked universe |
| Manappuram Finance Limited** INE522D14PO1 | CRISIL A1+ | 0.46% | outside tracked universe |
| Manappuram Finance Limited** INE522D14PV6 | CARE A1+ | 0.46% | outside tracked universe |
| Motilal Oswal Financial Services Limited** INE338I14NI8 | CRISIL A1+ | 0.46% | outside tracked universe |
| Nuvama Wealth Management Limited** INE531F14FV3 | CRISIL A1+ | 0.46% | outside tracked universe |
| SBICAP Securities Limited** INE212K14EF6 | CRISIL A1+ | 0.46% | outside tracked universe |
| HDFC Bank Limited** INE040A16JO8 | CARE A1+ | 0.41% | outside tracked universe |
| ICICI Securities Limited** INE763G14J31 | CRISIL A1+ | 0.40% | outside tracked universe |
| Alembic Pharmaceuticals Limited** INE901L14CM2 | CRISIL A1+ | 0.35% | outside tracked universe |
| Bank of Baroda INE028A16MP4 | FITCH A1+ | 0.35% | outside tracked universe |
| Birla Group Holdings Private Limited** INE09OL14JJ3 | CRISIL A1+ | 0.35% | outside tracked universe |
| HDFC Securities Limited** INE700G14UQ1 | CRISIL A1+ | 0.35% | outside tracked universe |
| Hindustan Petroleum Corporation Limited** INE094A14KD1 | CRISIL A1+ | 0.35% | outside tracked universe |
| HSBC InvestDirect Financial Services (India) Limited** INE790I14IA7 | CRISIL A1+ | 0.35% | outside tracked universe |
| Sharekhan Limited** INE211H14AS5 | ICRA A1+ | 0.35% | outside tracked universe |
| Muthoot Fincorp Ltd** INE549K14CE8 | CRISIL A1+ | 0.34% | outside tracked universe |
| Network18 Media & Investments Limited** INE870H14XP6 | FITCH A1+ | 0.34% | outside tracked universe |
| Punjab & Sind Bank** INE608A16TM5 | ICRA A1+ | 0.34% | outside tracked universe |
| Sharekhan Limited** INE211H14AY3 | ICRA A1+ | 0.34% | outside tracked universe |
| 5.74% Government of India IN0020210186 | SOVEREIGN | 0.29% | outside tracked universe |
| DBS Bank Limited** INE01GA16319 | CRISIL A1+ | 0.29% | outside tracked universe |
| ICICI Securities Limited** INE763G14M93 | CRISIL A1+ | 0.29% | outside tracked universe |
| Larsen & Toubro Limited** INE018A14LX6 | ICRA A1+ | 0.29% | outside tracked universe |
| TATA Realty & Infrastructure Limited** INE371K14DP1 | ICRA A1+ | 0.25% | outside tracked universe |
| 360 One WAM Limited** INE466L14GE4 | ICRA A1+ | 0.23% | outside tracked universe |
| 7.44% Small Industries Dev Bank of India** INE556F08KI9 | CRISIL AAA | 0.23% | outside tracked universe |
| Aditya Birla Money Limited** INE865C14QP1 | CRISIL A1+ | 0.23% | outside tracked universe |
| Aditya Birla Money Limited** INE865C14QJ4 | CRISIL A1+ | 0.23% | outside tracked universe |
| Aditya Birla Money Limited** INE865C14QQ9 | CRISIL A1+ | 0.23% | outside tracked universe |
| Bajaj Financial Securities Limited** INE01C314GM7 | FITCH A1+ | 0.23% | outside tracked universe |
| Bajaj Financial Securities Limited** INE01C314GS4 | CRISIL A1+ | 0.23% | outside tracked universe |
| Balrampur Chini Mills Limited** INE119A14898 | CRISIL A1+ | 0.23% | outside tracked universe |
| Balrampur Chini Mills Limited** INE119A14906 | CRISIL A1+ | 0.23% | outside tracked universe |
| Corporate Debt Market Development Fund Class A2 INF0RQ622028 | — | 0.23% | outside tracked universe |
| Godrej Housing Finance Limited** INE02JD14914 | ICRA A1+ | 0.23% | outside tracked universe |
| Manappuram Finance Limited** INE522D14PW4 | CARE A1+ | 0.23% | outside tracked universe |
| Minda Corporation Limited** INE842C14214 | CRISIL A1+ | 0.23% | outside tracked universe |
| Mirae Asset Capital Markets Private Limited** INE0T2V14111 | CRISIL A1+ | 0.23% | outside tracked universe |
| Mizuho Capsave Finance Private Ltd.** INE0DBJ14024 | ICRA A1+ | 0.23% | outside tracked universe |
| Motilal Oswal Financial Services Limited** INE338I14NB3 | ICRA A1+ | 0.23% | outside tracked universe |
| Muthoot Fincorp Ltd** INE549K14CC2 | CRISIL A1+ | 0.23% | outside tracked universe |
| Muthoot Fincorp Ltd** INE549K14CW0 | CRISIL A1+ | 0.23% | outside tracked universe |
| Network18 Media & Investments Limited** INE870H14XM3 | FITCH A1+ | 0.23% | outside tracked universe |
| Nomura Capital India Pvt Limited** INE357L14412 | ICRA A1+ | 0.23% | outside tracked universe |
| Nuvama Wealth Management Limited** INE531F14FZ4 | CRISIL A1+ | 0.23% | outside tracked universe |
| Nu Vista Limited** INE973U14326 | CRISIL A1+ | 0.23% | outside tracked universe |
| Sharekhan Limited** INE211H14AZ0 | CRISIL A1+ | 0.23% | outside tracked universe |
| 91 Days Tbill IN002026X123 | — | 0.17% | outside tracked universe |
| Axis Bank Limited** INE238AD6CQ9 | CRISIL A1+ | 0.17% | outside tracked universe |
| Birla Group Holdings Private Limited** INE09OL14JK1 | ICRA A1+ | 0.17% | outside tracked universe |
| GIC Housing Finance Limited** INE289B14KF0 | ICRA A1+ | 0.17% | outside tracked universe |
| IGH Holdings Private Limited** INE02FN14945 | CARE A1+ | 0.17% | outside tracked universe |
| Small Industries Dev Bank of India** INE556F16BL5 | CRISIL A1+ | 0.17% | outside tracked universe |
| 7.39% State Government Securities IN3120160137 | SOVEREIGN | 0.14% | outside tracked universe |
| 6.17% LIC Housing Finance Limited** INE115A07PI6 | CRISIL AAA | 0.12% | outside tracked universe |
| 7.23% Indian Railway Finance Corporation Limited INE053F08304 | CRISIL AAA | 0.12% | outside tracked universe |
| 7.41% State Government Securities IN3320160267 | SOVEREIGN | 0.12% | outside tracked universe |
| 8.19% Summit Digitel Infrastructure Limited** INE507T07112 | CRISIL AAA | 0.12% | outside tracked universe |
| Angel One Limited** INE732I14CL9 | ICRA A1+ | 0.12% | outside tracked universe |
| Bank of Baroda** INE028A16KE2 | FITCH A1+ | 0.12% | outside tracked universe |
| Bank of Baroda** INE028A16KC6 | FITCH A1+ | 0.12% | outside tracked universe |
| ICICI Securities Limited INE763G14J98 | CRISIL A1+ | 0.12% | outside tracked universe |
| Mirae Asset Financial Services (India) Private Limited** INE0JRU14495 | CRISIL A1+ | 0.12% | outside tracked universe |
| Nuvama Clearing Services Ltd** INE525L14240 | CRISIL A1+ | 0.12% | outside tracked universe |
| Nuvama Wealth And Investment Ltd** INE523L14BN4 | CRISIL A1+ | 0.12% | outside tracked universe |
| Punjab & Sind Bank** INE608A16TJ1 | ICRA A1+ | 0.12% | outside tracked universe |
| DSP Finance Private Limited** INE422H14636 | ICRA A1+ | 0.11% | outside tracked universe |
| Manappuram Finance Limited** INE522D14OY3 | CRISIL A1+ | 0.11% | outside tracked universe |
| Muthoot Fincorp Ltd** INE549K14CF5 | CRISIL A1+ | 0.11% | outside tracked universe |
| Nuvama Wealth And Investment Ltd** INE523L14BW5 | CRISIL A1+ | 0.11% | outside tracked universe |
| SBICAP Securities Limited** INE212K14EW1 | CRISIL A1+ | 0.11% | outside tracked universe |
| Small Industries Dev Bank of India** INE556F16BN1 | CARE A1+ | 0.11% | outside tracked universe |
| TATA Realty & Infrastructure Limited** INE371K14DU1 | ICRA A1+ | 0.11% | outside tracked universe |
| 7.22% State Government Securities IN1920160026 | SOVEREIGN | 0.06% | outside tracked universe |
| Export Import Bank of India** INE514E14TO8 | CRISIL A1+ | 0.06% | outside tracked universe |
| Grasim Industries Limited** INE047A14BA4 | CRISIL A1+ | 0.06% | outside tracked universe |
| National Bank For Agriculture and Rural Development** INE261F14PO1 | CRISIL A1+ | 0.06% | outside tracked universe |
| SBICAP Securities Limited** INE212K14EG4 | ICRA A1+ | 0.06% | outside tracked universe |
| 91 Days Tbill IN002026X107 | — | 0.01% | outside tracked universe |
Every line the fund house disclosed is listed above, in the order it weighs. Weights are the fund house's own "% to NAV" figures, normalised to a percentage of the whole fund; they are not rescaled to add to 100%.
Active share & tracking error
Active share (Cremers & Petajisto, 2009) is half the sum of the absolute difference between this fund's disclosed weight and the benchmark proxy's disclosed weight, security by security. Tracking error (Roll, 1992) is the annualized standard deviation of the daily difference between this fund's return and the proxy's, over the days both have a stored NAV. Neither is a rating or a score; both describe how much this fund's actual holdings and returns differ from a portfolio that simply held the benchmark.
StockProof has no official total-return index (TRI) data — the price feed it stores tracks an index's PRICE only, which understates a real TRI benchmark by roughly its dividend yield. Instead, both figures are computed against another fund: an index fund that tracks the same benchmark, whose own NAV already reflects reinvested dividends and whose own disclosed portfolio stands in for the benchmark's constituent weights. Measured directly: two different index funds on the same benchmark differ from each other by only 2–3 basis points a year of tracking error — two orders of magnitude below any actively managed fund's real figure — which is what licenses using one as a stand-in for the true benchmark. This proxy is hand-picked and verified for 24 declared benchmarks; a fund benchmarked to anything else shows no active share or tracking error, not a guessed one.
This fund's declared benchmark is NIFTY Liquid Index A-I, but no benchmark proxy has been hand-verified for “NIFTY Liquid Index A-I”.