AlphaGrep Mutual Fund has launched the New Fund Offer for AlphaGrep Liquid Omni FOF, an open ended fund of funds that puts your money into a mix of liquid funds run by other fund houses. The NFO opened on 4 August 2026 and closes on 6 August 2026.
AlphaGrep Investment Management Private Limited runs this debt oriented fund of funds, or FOF. Rather than buying bonds or shares directly, it buys units of other liquid funds and liquid ETFs.
The fund aims to give you a place to park short term surplus cash with reasonable returns and low risk, spread across several liquid schemes instead of one. Investors with idle cash and a short horizon may want to weigh this against a single liquid fund.
AlphaGrep Liquid Omni FOF NFO details
Fund name | |
Fund type | Open ended |
Category | Fund of funds (debt oriented, domestic) |
Nature of scheme | Invests in liquid funds and ETFs, plus a small debt and money market sleeve |
Benchmark | Nifty Liquid Index A-I |
Fund manager | Ashish Jain |
NFO opens | 04-08-2026 |
NFO closes | 06-08-2026 |
Allotment date | Not available |
Minimum investment | Rs 100, in multiples of Re 1 |
Additional investment | Rs 100, in multiples of Re 1 |
SIP amount | Rs 100 (weekly, fortnightly, monthly or quarterly), minimum 6 instalments |
NAV | Rs 1,000 per unit during the NFO |
Riskometer | Moderate |
Stamp duty | 0.005% of transaction value on purchases |
Entry load | Nil |
Exit load | Graded, 0.0070% on day 1 down to 0.0045% on day 6, nil from day 7 |
AlphaGrep Mutual Fund: AMC details
AMC name | AlphaGrep Mutual Fund |
AUM | Not available (scheme yet to launch) |
Website | |
Registered office | Unit No. 1408, B Wing, 14th Floor, Parinee Crescenzo, Bandra Kurla Complex, Bandra East, Mumbai 400051 |
Contact number | 1800-569-8900 |
Source: AMFI India: New fund offer : AlphaGrep Liquid Omni FOF
What has AlphaGrep Mutual Fund launched?
AlphaGrep Liquid Omni FOF is a fund of funds. It buys units of other funds, here almost entirely liquid funds and liquid ETFs, rather than shares or bonds directly.
Liquid funds and liquid ETFs hold instruments maturing in 91 days or less, such as treasury bills, commercial paper and certificates of deposit. Because these mature quickly, they convert to cash without much price swing, which is why liquid funds sit among the lower risk debt categories.
By wrapping many liquid schemes into one, this fund spreads money across active and passive liquid schemes from several fund houses, rather than one AMC’s liquid fund alone. It is actively managed: the manager allocates based on liquidity, credit quality and prevailing rates, not a fixed formula.
Since the scheme does not buy bonds itself, credit and duration calls happen one level down. A small sleeve, up to 5%, can sit directly in debt and money market instruments under 91 days.
How does the AlphaGrep Liquid Omni FOF strategy work?
The manager screens liquid schemes on liquidity, credit quality and maturity, then allocates and rebalances as conditions shift.
Step | What happens? |
1 | NFO money is invested at the offer price of Rs 1,000 per unit |
2 | The manager screens liquid funds and ETFs on liquidity, credit quality and maturity |
3 | Money is allocated across chosen schemes, mostly liquid funds and ETFs |
4 | Up to 5% may sit directly in short maturity debt instruments |
5 | The AMC tracks rates and liquidity conditions ongoing |
6 | Allocations are rebalanced as conditions change |
7 | Redemptions are met from the underlying holdings |
Let’s understand through an example
Say an investor puts in Rs 50,000 during the NFO. At the offer price of Rs 1,000 per unit, this buys 50 units of AlphaGrep Liquid Omni FOF.
That money does not sit in a single liquid fund. The manager spreads it across several liquid funds and ETFs from the scheme’s indicative list, based on liquidity and credit quality at the time.
As those schemes earn income from their short term holdings, this scheme’s NAV should reflect that, net of costs at both levels. This illustrates the mechanism only, and does not predict any return.
AlphaGrep Liquid Omni FOF portfolio allocation
Instrument | Minimum | Maximum |
Units of active and passive liquid funds | 95% | 100% |
Debt and money market instruments (residual maturity up to 91 days) | 0% | 5% |
This is debt oriented, so there is no equity, REIT or InvIT allocation. Nearly all the money sits in units of other liquid schemes.
AlphaGrep Liquid Omni FOF investment strategy
Because this is a fund of funds, “stock picking” here means picking funds, not shares or bonds. The manager weighs each candidate on liquidity, credit quality, maturity and relative value.
There is a cost worth understanding. You pay this scheme’s own expense ratio, plus a share of every underlying scheme’s expenses, capped at 0.90% of daily net assets combined.
Liquidity works two ways. The underlying schemes hold short maturity instruments for their own liquidity, and you can buy or redeem units here at NAV on any business day, since it is open ended.
Potential benefits of AlphaGrep Liquid Omni FOF
Potential benefit | Why does it matter? |
Spreads money across many liquid schemes | Reduces reliance on any single fund house’s liquid fund |
Actively screened for credit quality | The manager assesses schemes before allocating, not picking blindly |
Short maturity instruments underneath | Instruments maturing within 91 days carry lower rate risk than longer debt |
Open ended structure | Invest or redeem on any business day at the applicable NAV |
Low minimum investment | Entry starts at Rs 100, SIP also available from Rs 100 |
Key risks in AlphaGrep Liquid Omni FOF
Risk | What does it mean? |
Market risk | Rate changes affect the debt sleeve and, indirectly, underlying schemes’ NAVs |
Tracking error | Passive liquid ETFs held may vary slightly from their own index |
Basis risk | A floating rate’s benchmark can turn inactive and miss real rate moves |
Spread risk | The spread a floating security pays over its benchmark can move against value |
Cost layering | You bear costs at two levels: this scheme’s own, and the underlying schemes’ |
Performance risk | The scheme may underperform its benchmark or peers for a period |
More on interest rate and credit risk in debt instruments.
Who may consider AlphaGrep Liquid Omni FOF?
Investor type | Why it may fit |
Someone parking short term surplus cash | Invests in liquid schemes suited to a short holding period |
An investor diversifying beyond one AMC’s liquid fund | Money spreads across several liquid funds and ETFs |
Someone comfortable with a Moderate risk scheme | The riskometer here is Moderate, not Low |
Zenith’s mutual fund advisors can help you compare options.
Who may not find AlphaGrep Liquid Omni FOF suitable?
Investor type | Why it may not fit |
Someone chasing high returns | A low duration, debt oriented scheme, not built for growth |
An investor who wants zero cost layering | A FOF carries costs at two levels, unlike a single liquid fund |
Someone needing a fixed maturity date | Open ended, not a fixed tenure scheme like an FMP |
AlphaGrep Liquid Omni FOF vs traditional investment options
Fixed deposit | Debt fund | Hybrid fund | Equity fund | This FOF | |
Risk | Low | Low-moderate | Moderate-high | High-very high | Moderate |
Return potential | Fixed | Market linked | Market linked | Market linked, higher | Market linked |
Volatility | None | Low-moderate | Moderate | High | Low |
Liquidity | Locked in | High, open ended | Usually high | Usually high | High, open ended |
Horizon | Fixed tenure | Short-medium | Medium-long | Long term | Short term |
Suits | Capital protection | Conservative-moderate | Balanced investors | Growth seekers | Short term cash parkers |
AlphaGrep Liquid Omni FOF review by Zenith Finserve
AlphaGrep Liquid Omni FOF fits an investor holding short term surplus cash, perhaps money set aside for an expense a few months away, who wants it spread across several liquid schemes rather than parked in one. The Moderate riskometer places it above a typical overnight fund but well below equity or long duration debt.
This structure adds diversification across fund houses, useful if you are wary of concentration risk in a single AMC’s liquid fund. It also adds a cost layer, since you pay this scheme’s expenses on top of a share of the underlying schemes’, capped at 0.90% combined.
This suits a short horizon investor who would rather not pick one liquid fund provider, more than someone chasing returns. Weigh suitability with Zenith’s investment planning services.
How Zenith Financial Management can help
At Zenith Financial Management, we follow a process driven investment framework. We assess your goals, cash flows, risk profile, time horizon, existing investments, loans and tax situation before suggesting investments. We align our investment suggestions with your financial objectives and review them periodically to keep them suitable as your circumstances change.
Similar NFO coverage on Zenith
HDFC Nifty Metal ETF FOF NFO: another fund of funds, though on the equity side, useful for comparing how FOF cost layering works.
Axis Nifty50 Equal Weight Index Fund NFO: a recent passive launch, for contrast against this actively managed fund of funds.
Frequently asked questions about AlphaGrep Liquid Omni FOF
What is AlphaGrep Liquid Omni FOF?
An open ended fund of funds investing mainly in liquid funds and ETFs, with a small direct debt sleeve.
When does the AlphaGrep Liquid Omni FOF NFO open and close?
It opens 4 August 2026 and closes 6 August 2026.
What is the minimum investment in AlphaGrep Liquid Omni FOF?
Rs 100, in multiples of Re 1, for both lump sum and SIP.
Is AlphaGrep Liquid Omni FOF NFO good to invest in?
A factual overview, not a recommendation; fit depends on your horizon and liquidity needs.
What does AlphaGrep Liquid Omni FOF invest in?
Mostly liquid funds and ETFs, with up to 5% directly in short maturity debt.
What is the riskometer for AlphaGrep Liquid Omni FOF?
Moderate, as disclosed in the scheme document.
Who is the fund manager of AlphaGrep Liquid Omni FOF?
Ashish Jain.
What is the benchmark for AlphaGrep Liquid Omni FOF?
The Nifty Liquid Index A-I.
Is there an exit load on AlphaGrep Liquid Omni FOF?
A small graded load applies within 6 days, tapering from 0.0070% to 0.0045%; nil from day 7.
How is this different from a regular liquid fund?
A regular liquid fund holds short term debt directly. This scheme holds units of other liquid funds and ETFs instead.
Does AlphaGrep Liquid Omni FOF have a fixed maturity date?
No, it is open ended, unlike a fixed maturity plan.
AlphaGrep Liquid Omni FOF review: what should investors keep in mind?
Weigh the FOF cost layer, holding period and liquidity needs before investing.
