Investment Strategy 
The scheme seeks to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. 

Basic Details

About Benchmark Index 
CRISIL Liquid Fund Index seeks to track the performance of a debt portfolio that includes CBLO, Commercial Papers and Certificates of Deposit.

Features
● Total Return Index seeking to capture coupon and price returns of the underlying portfolio
● Base date for the Index: March 31, 2002
● Index portfolio marked-to-market on a daily basis using CRISIL Gilt and Bond valuations
● Index is fully invested at all points of time with no cash component
● Derived index from the following sub-indices
− CRISIL CBLO Index
− CRISIL 2 Month CP Index
− CRISIL 3 Month CP Index
− CRISIL 2 Month CD Index
− CRISIL 3 Month CD Index

Key Characteristics
● Rich history: CRISIL Liquid Fund Index has an inception date of March 31, 2002. Thus the index has been in existence over a decade, seen multiple interest rate cycles, and has stood the test of time
● Liquidity: The index seeks to capture the movement in a portfolio consisting of most liquid government and corporate securities by using appropriate market representation
● Replicability: The index constituents are valued on a daily basis. This lends the index a realistic approach by having the valuations close to the market levels

Methodology
● Weights to each of the sub-indices rebalanced annually based on market polls
Index valued on a daily basis using CRISIL Valuation services

Liquid Fund Index Details – Mar 01, 2018

Study about Benchmark Index in details
CRISIL Indices Factsheet Mar 01 2023