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Franklin India Liquid Fund and Parag Parikh Liquid Fund are the top two liquid funds as per Crisil Mutual Fund Ranking for the quarter ended June 2023. While Franklin India Liquid Fund moved one position up, Parag Parikh Liquid Fund retained its spot from March 2023 rankings.
The global analytics company ranked four other funds second - Bandhan Liquid Fund, Baroda BNP Paribas Liquid Fund, Canara Robeco Liquid Fund and DSP Liquidity Fund.
|
June 2023 Ranking |
Liquid Funds |
March 2023 Ranking |
|
1 |
Franklin India Liquid Fund |
2 |
|
Parag Parikh Liquid Fund |
1 |
|
|
2 |
Bandhan Liquid Fund |
3 |
|
Baroda BNP Paribas Liquid Fund |
3 |
|
|
Canara Robeco Liquid Fund |
1 |
|
|
DSP Liquidity Fund |
2 |
Ultra-short duration funds
Baroda BNP Paribas Ultra Short Duration Fund and HSBC Ultra Short Duration Fund are the top funds here. Notably, both retain their March 2023 rankings.
Other four funds - Bandhan Ultra Short Term Fund, Canara Robeco Ultra Short Term Fund, Mirae Asset Ultra Short Duration Fund and SBI Magnum Ultra Short Duration Fund take the second place.
|
June 2023 Ranking |
Ultra-short Duration Funds |
March 2023 Ranking |
|
1 |
Baroda BNP Paribas Ultra Short Duration Fund |
1 |
|
HSBC Ultra Short Duration Fund |
1 |
|
|
2 |
Bandhan Ultra Short Term Fund |
2 |
|
Canara Robeco Ultra Short Term Fund |
2 |
|
|
Mirae Asset Ultra Short Duration Fund |
- |
|
|
SBI Magnum Ultra Short Duration Fund |
3 |
Low duration funds
ICICI Prudential Savings Fund and Invesco India Treasury Advantage Fund take the lead in this category.
Canara Robeco Savings Fund, DSP Low Duration Fund, Sundaram Low Duration Fund and UTI Treasury Advantage Fund occupy the second place.
|
June 2023 Ranking |
Low Duration Funds |
March 2023 Ranking |
|
1 |
ICICI Prudential Savings Fund |
1 |
|
Invesco India Treasury Advantage Fund |
2 |
|
|
2 |
Canara Robeco Savings Fund |
2 |
|
DSP Low Duration Fund |
1 |
|
|
Sundaram Low Duration Fund |
3 |
|
|
UTI Treasury Advantage Fund |
2 |
Money market funds
Crisil ranked Invesco India Money Market Fund and Nippon India Money Market Fund first and three other funds (DSP Savings Fund, HSBC Money Market Fund and UTI Money Market Fund) second.
|
June 2023 Ranking |
Money Market Funds |
March 2023 Ranking |
|
1 |
Invesco India Money Market Fund |
2 |
|
Nippon India Money Market Fund |
1 |
|
|
2 |
DSP Savings Fund |
4 |
|
HSBC Money Market Fund |
2 |
|
|
UTI Money Market Fund |
1 |
Short duration funds
Bandhan Bond Fund - Short Term and Bank of India Short Term Income Fund make it to the top here. Aditya Birla Sun Life Short Term Fund, DSP Short Term Fund, ICICI Prudential Short Term Fund and Sundaram Short Duration Fund follow next.
|
June 2023 Ranking |
Short Duration Funds |
March 2023 Ranking |
|
1 |
Bandhan Bond Fund - Short Term |
1 |
|
Bank of India Short Term Income Fund |
- |
|
|
2 |
Aditya Birla Sun Life Short Term Fund |
2 |
|
DSP Short Term Fund |
4 |
|
|
ICICI Prudential Short Term Fund |
1 |
|
|
Sundaram Short Duration Fund |
3 |
Methodology
Crisil has ranked only open-ended schemes and has considered various parameters like mean return, volatility, portfolio concentration, liquidity, etc. “The basic criteria for inclusion in the ranking universe are three-year/one-year NAV history and AUM in excess of category cut-off limits, and complete portfolio disclosure”, said the report.
The report covers 22 liquid, 18 ultra-short duration, 18 low duration, 15 money market and 19 short duration funds.
