Smart Saving Solution means to park money in liquid mutual fund to earn return around 7% on idle cash.Instead of keeping money in saving-current account,liquid fund provides instant withdrawal facility & there is no Entry and Exit load.
What is Liquid fund ?
Liquid fund is a category of mutual fund which invests primarily in money
market instruments like certificate of deposits, treasury bills, commercial papers and term deposits. Lower
maturity period of these underlying assets reduces interest rate fluctuation risk and offers immediate cash
- Return are double than saving-current account
- Instant withdrawal facility upto Rs 50000
- May invest as low as Rs 100
- Money can be parked even for one day
- Higher liquidity