Liquid and Ultra short term funds for parking of idle money

Are You keeping more than 15-days' requirement of funds in Savings / Current account?

If yes, you are losing out on an easy & virtually risk-free option to earn higher returns on your surplus amounts lying idle in your bank accounts.

LIQUID & ULTRA SHORT TERM FUNDS

  • Liquid Funds are Mutual Fund schemes that invest in Bank Deposits, Govt. Treasury Bills, etc. maturing within next 91 days. Therefore, the returns on these Liquid Schemes do not fluctuate much and are quite predictable.
  • There is no entry or exit load in Liquid Funds
  • Redemption takes 24-48 hrs. and the amount is credited directly into the bank account of the investor. The redemption request can be submitted online or through mobile phone provided the facility has been activated for the folio
  • These funds are most suitable for parking surplus money for 1 to 60 days
  • Ultra Short Term Funds are Mutual Fund schemes that invest in a mix of debt instruments with various maturities. However, generally the remaining maturity is not more than 365 days.
  • There is no entry load in Ultra Short Term Funds. However, some Ultra Short Term Funds have an exit load during 90 days.
  • Redemption takes 24-48 hrs. and the amount is credited directly into the bank account of the investor. The redemption request can be submitted online or through mobile phone provided the facility has been activated for the folio
  • These schemes are most suitable for parking surplus money for 60 days or more

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