Liquid Funds have been getting bashed up recently with strange things happening in the liquidity bazaar. After their NAV fell for the first time in many years, many investors were spooked that these funds have too much risk on them.
However I had written:
As you can see, things have fallen only a little bit – we’re back to about the levels of about 10 days ago. Put another way, it might be prudent to stick around a few days longer and not panic-redeem the fund.
Tracking this, I have a new update on all the bond values as of yesterday. 18 out of the 38 funds have already recovered to their NAV levels of July 15. (the day prior to the big RBI announcement that caused the crash).
| Fund | Jul-22 | Jul-15 | From Jul-15 | Jul-16 | Jul16 Drop |
| ING Liquid Fund | 24.7174 | 24.7486 | -0.13% | 24.6638 | -0.34% |
| Quantum Liquid Fund | 16.9711 | 16.9781 | -0.04% | 16.9308 | -0.28% |
| DWS Insta Cash Plus Fund | 19.7996 | 19.8131 | -0.07% | 19.7611 | -0.26% |
| L&T Liquid Fund | 1647.958 | 1649.0143 | -0.06% | 1644.7143 | -0.26% |
| Kotak Liquid | 2264.639 | 2266.0098 | -0.06% | 2260.2502 | -0.25% |
| Principal Cash Management Fund | 1167.788 | 1168.4451 | -0.06% | 1165.4774 | -0.25% |
| Reliance Liquid Fund-Treasury Plan | 2927.658 | 2928.1634 | -0.02% | 2921.1051 | -0.24% |
| Birla Sun Life Cash Plus | 192.5734 | 192.6104 | -0.02% | 192.1657 | -0.23% |
| JPMorgan India Liquid Fund | 14.2287 | 14.2363 | -0.05% | 14.2036 | -0.23% |
| HDFC Cash Management Fund | 25.1065 | 25.1135 | -0.03% | 25.0565 | -0.23% |
| Religare Invesco Liquid Fund | 1652.389 | 1652.6882 | -0.02% | 1648.9476 | -0.23% |
| Sundaram Money Fund | 25.337 | 25.3473 | -0.04% | 25.2935 | -0.21% |
| Baroda Pioneer Liquid Fund | 1377.384 | 1377.6247 | -0.02% | 1374.7201 | -0.21% |
| Taurus Liquid Fund | 1561.402 | 1561.726 | -0.02% | 1558.4587 | -0.21% |
| DSP BlackRock Liquidity Fund | 28.358 | 28.3608 | -0.01% | 28.3021 | -0.21% |
| IDBI Liquid Fund | 1289.337 | 1289.6532 | -0.02% | 1287.0052 | -0.21% |
| UTI- Liquid Fund-Cash Plan | 1906.262 | 1906.8792 | -0.03% | 1903.0043 | -0.20% |
| Axis Liquid Fund | 1331.843 | 1331.8348 | 0.00% | 1329.2837 | -0.19% |
| Tata Liquid Fund Plan A | 2218.965 | 2219.1199 | -0.01% | 2215.0341 | -0.18% |
| Pramerica Liquid Fund | 1001.432 | 1001.4746 | 0.00% | 999.6694 | -0.18% |
| Birla Sun Life Floating Rate | 159.7611 | 159.7396 | 0.01% | 159.4547 | -0.18% |
| JM High Liquidity Fund | 32.7717 | 32.7679 | 0.01% | 32.7098 | -0.18% |
| Canara Robeco Liquid-Regular Plan | 1461.207 | 1460.997 | 0.01% | 1458.4159 | -0.18% |
| SBI Premier Liquid Fund | 1889.596 | 1889.2991 | 0.02% | 1886.0524 | -0.17% |
| ICICI Prudential Liquid | 177.8279 | 177.7998 | 0.02% | 177.5085 | -0.16% |
| IDFC Cash Fund | 1461.3 | 1461.2355 | 0.00% | 1458.8483 | -0.16% |
| LIC NOMURA MF Liquid Fund | 2178.899 | 2178.4663 | 0.02% | 2174.9464 | -0.16% |
| HDFC Liquid Fund | 23.7116 | 23.7067 | 0.02% | 23.6685 | -0.16% |
| BOI AXA Liquid Fund- Regular Plan | 1383.122 | 1382.5764 | 0.04% | 1380.3935 | -0.16% |
| Edelweiss Liquid | 1185.676 | 1185.6322 | 0.00% | 1183.8301 | -0.15% |
| MS Liquid Fund | 1180.922 | 1180.6085 | 0.03% | 1178.8718 | -0.15% |
| BNP Paribas Overnight Fund | 18.4919 | 18.4872 | 0.03% | 18.4607 | -0.14% |
| Peerless Liquid Fund | 12.5804 | 12.5759 | 0.04% | 12.5597 | -0.13% |
| Templeton India Cash Management | 19.4488 | 19.4379 | 0.06% | 19.4132 | -0.13% |
| ICICI Prudential Money Market Fund | 166.4918 | 166.3933 | 0.06% | 166.1902 | -0.12% |
| Daiwa Liquid Fund | 1342.385 | 1340.9971 | 0.10% | 1340.0904 | -0.07% |
| Escorts Liquid Plan | 18.6029 | 18.575 | 0.15% | 18.5786 | 0.02% |
| Mirae Asset Liquid Fund | 1225.228 | 1223.5215 | 0.14% | 1223.7909 | 0.02% |
