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Aditya Birla Sun Life Liquid Fund - Growth - Direct Plan vs Shriram Liquid Fund - Direct Plan Growth Option
Aditya Birla Sun Life Liquid Fund and Shriram Liquid Fund are both in the Liquid Fund category, from Aditya Birla Sun Life AMC Limited and Shriram Asset Management Co. Ltd. respectively. Shriram Liquid Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Shriram Liquid Fund has the lower direct-plan expense ratio, by 0.05 percentage points.
| Aditya Birla Sun Life Liquid Fund - Growth - Direct Plan | Shriram Liquid Fund - Direct Plan Growth Option | |
|---|---|---|
| Category | Liquid Fund | Liquid Fund |
| AMC | Aditya Birla Sun Life AMC Limited | Shriram Asset Management Co. Ltd. |
| Benchmark | No benchmark required for this fund category | No benchmark required for this fund category |
| NAV | ₹462.1586 (2026-10-28) | ₹1129.0912 (2026-10-28) |
| AUM | ₹67,713.33 Cr | ₹654.697 Cr |
| Expense Ratio (Direct) | 0.21% | 0.16% |
| Inception | 1997-06-04 | 2024-11-04 |
Returns
Risk Metrics
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager.
Portfolio Analytics
Punji Fund Health Score
Aditya Birla Sun Life Liquid Fund and Shriram Liquid Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a lower expense ratio, Aditya Birla Sun Life Liquid Fund or Shriram Liquid Fund?
Shriram Liquid Fund's direct-plan expense ratio is 0.05 percentage points lower than Aditya Birla Sun Life Liquid Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't Aditya Birla Sun Life Liquid Fund and Shriram Liquid Fund show risk metrics like Sharpe ratio or alpha?
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Aditya Birla Sun Life Liquid Fund or Shriram Liquid Fund?
Aditya Birla Sun Life Liquid Fund has ₹67,713 Cr in assets under management, versus ₹655 Cr for Shriram Liquid Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Aditya Birla Sun Life Liquid Fund or Shriram Liquid Fund?
Aditya Birla Sun Life Liquid Fund launched on 1997-06-04, making it older than Shriram Liquid Fund (launched 2024-11-04). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.