Suggest me a good liquid Fund
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As Banks are giving very less interest on FD , decided to switch some funds to Liquid Mutual Funds , please do suggest some fund with less exit charges .
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Franklin problem MFs were debt funds not liquid funds, a big difference.
Move to IDFC for the time being, until you hear “IDFC reduced interest rates ..”
yes . thinking to move 3-4 L to a new IDFC account. because of RBI insurance upto 5 la. so less risk. and good interest in current situation.
Keep your money in FD in big solid banks(hdfc,sbi,icici,kotak,axis—first 3 are officially given “too big to fail” tag by rbi). Also keep checking my thread:
https://www.desidime.com/discussions/check-your...
this big banks have reduced their interest rate to 5% .
Also RBI’s insurance upto 5 lac is in place, so thinking to move funds to different banks ,
like DCB and Indus ,IDFC.
what’s your opinion on FD with ujjivan or bandhan bank like small banks ?
If looking for more than 1 month than look for Arbitrage funds also. They usually give around 6% consistent return with negligible risk…
thanks bro …did not come to my mind. thanks
Nippon India Liquid Fund
ABSL Liquid Fund
i am getting around 5.20% returns since 3 months in liquid funds..are there any better funds with less risk than liquid funds
PPFAS liquid fund. Don’t expect returns. Invest for capital protection.
These are returns of both Liquid & Arbitrage funds which I am using since 2 years.
BTW, you can use debit card to invest in ABSL liquid fund in case if you are having high rewarding debit card!
Edit: ABSL has removed the debit card option in payments page.
Most Debit cards don’t give reward points for mutual fund spends.
You can put up-to 1.5 lacs in ppf too which is offering higher rate and has tax benefit. Although money is blocked but the tax free return makes it worthwhile.
Other option is 7% FD (1 YEAR ONLY) paytm – induslnd bank FD.
DO NOT RECOMMEND HEAVY DEPOSIT
Almost negligible difference in terms of returns between FD and liquid funds nowadays. After the Franklin episodes, stay safe and stay secure with FD.