3 Best and Most Trusted Liquid Funds Available Today |
Posted: August 1, 2018 |
People are changing their conventional ways of saving. Previously people who used to make monthly premiums in RDs and other such instruments are shifting towards liquid funds because of the huge benefits associated with such schemes like high returns, liquidity, auto debit, etc. So, in this post, we are going to discuss some of the best liquid funds in India, in which you can make an investment in 2018 to enjoy good future growth. Reliance Liquid Fund (G) This is the most popular and trusted liquid fund scheme that is available today, and that can be observed from the vast asset size of Rs 39,364 (as on Jun 30, 2018) that it manages. The scheme has given returns of 6.98%, 7.28%, 8.09%, and 7.87% in 1, 3, 5, and 10 years, respectively (as on Jul 27, 2018). It has successfully beaten its benchmark and category at all instances, and the main reason behind that is the optimal fund management. The best thing about this scheme is the instant redemption option through which you can redeem around 90% of your total investments within 5-10 minutes. Reliance Liquid Fund currently has a net asset value of Rs 4319.62 (as on Jul 27, 2018), and an expense ratio of 0.23%. ICICI Prudential Liquid Fund (G) This scheme was launched on Nov 17, 2005, and is one of the largest liquid funds available today. As of now, it has assets worth Rs 47,395 crores (as on Jun 30, 2018) under its management. It invests majorly in commercial papers and certificate of deposits with a credit rating of A1+ and an average maturity of 0.14 years. The returns given by the scheme in past 1, 3, 5, and 10 years are 6.95%, 7.27%, 8.07%, and 7.90%, respectively (as on Jul 27, 2018). With these returns, it has outperformed both benchmark and category at all instances. The minimum investment amount for the scheme is just Rs 100. For more details regarding this fund, you can visit MySIPonline. Aditya Birla Sun Life Liquid Fund (G) Previously known as Aditya Birla Sun Life Cash Plus (Plan-B), this scheme has the largest AUM among all the liquid funds. As recorded on Jun 30, 2018, the scheme has assets worth Rs 51,233 crores under its management. The scheme has given returns of 6.98%, 7.30%, 8.12%, and 7.92% in 1, 3, 5, and 10 years respectively (as on Jul 27, 2018) and has successfully beaten its benchmark which has provided returns of 3.97%, 4.38%, 5.05%, and 4.70% in the same time period. At present, it has a net asset value of Rs 284.64 (as on Jul 27, 2018) and an expense ratio of 0.23% (as on Jun 30, 2018) which will be charged annually from your principal amount. The minimum investment you can make in this scheme is Rs 1000. So, at present these are the top performing and most favored liquid funds available in India today. All the schemes have given an average return of 7%, which are better than most of the saving accounts and other conventional saving options. To clear your queries about the liquid fund or to make an investment in schemes from this category, you can visit MySIPonline.
|
|||||||||||||||||||||||||||||||||||||||||||
|