The art of purposeful parking
Carnelian Liquid Fund
An open-ended liquid scheme. A relatively low interest rate risk and moderate credit risk.
- Liquid · Liquid
- Risk-o-meter: Low
- PRC: B-I
- Min ₹500 and in multiples of ₹1 thereafter
NAV · Direct · Growth
₹1,004.4492
+₹0.1308 (+0.01%) · As on 12 November 2026
Return since inception
This scheme has not completed one year.
Expense ratio (TER)
0.18%
incl. GST · Direct · Growth
Fund details
Scheme facts
- Scheme category
- Liquid · Liquid
- Benchmark
- NIFTY Liquid Index A-I
- Allotment date
- 16 October 2026
- Plans
- Direct, Regular
- Options
- Growth, IDCW daily reinvestment, IDCW weekly reinvestment
- Minimum investment
- ₹500 and in multiples of ₹1 thereafter
- Entry load
- Not applicable
- Expense ratio
- Direct 0.18% · Regular 0.25% · Know TER
- Subscription cut-off
- 1:30 pm, subject to realisation of funds
Exit load
| Redeemed on | Exit load |
|---|---|
| Day 1 | 0.0070% |
| Day 2 | 0.0065% |
| Day 3 | 0.0060% |
| Day 4 | 0.0055% |
| Day 5 | 0.0050% |
| Day 6 | 0.0045% |
| Day 7 onwards | Nil |
Fund managers
Deepak Malik
Fund Manager
Deepak Malik is Fund Manager at Carnelian Investment Managers Private Limited, responsible for investment decisions and portfolio construction.
Viraj Parekh
Fund Manager
Viraj has been associated with the AMC since 1st March 2026 where he will be responsible for monitoring portfolio performance, portfolio construction, conducting investment research and analysis across sectors and companies, etc
Risk
Risk-o-meter and potential risk class
Risk is Low
Risk is Low to Moderate
| Credit risk →Interest rate risk ↓ | Relatively low (A) | Moderate (B) | Relatively high (C) |
|---|---|---|---|
| Relatively low (I) | B-I | ||
| Moderate (II) | |||
| Relatively high (III) |
This product is suitable for investors who are seeking income over a short-term horizon and investment in debt and money market instruments Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
About the fund
Not every rupee is meant to grow fast. Some are meant to be ready.
A liquid fund lets short-term surplus earn instead of sitting idle. It can also be a disciplined way into equities through a Systematic Transfer Plan (STP).
Investment objective
To provide reasonable returns with a high level of liquidity, by investing in debt and money market instruments. There is no assurance that the investment objective of the scheme will be achieved.
Documents
Scheme documents
FAQs
Questions investors ask
Past performance may or may not be sustained in future and is not a guarantee of future returns. Returns for periods under one year are simple annualised; one year and above are CAGR. Performance of other schemes managed by the fund managers is available on the respective scheme pages. Carnelian Mutual Fund (SEBI Registration No.: MF/094/26/20).