Did You Know..???
Did you know..?
Which money you should keep in *Liquid* Mutual Funds :
1. Your salary till your next EMI due
2. Bonus till you spend/plan it
3. Sales proceeds of your flat till you invest in new one
4. LumSum amount lying in your bank account which you may be required any time
5. A Funds lying ideal for long weekend
Why you should invest in liquid fund?
1. No locking period
2. Historically return 7.50% to 8.50% p.a as against 4% in saving account or 0% in current account
3. Online access
4. Minimum Rs. 5000 maximum no limit
Illustration :
Rs. 1 Cr kept for one day will earn Rs. 2200 per day, which mean on weekends you will earn Rs. 2,28,000 (salary of one person).
Managing Director at Foodsmith International Pvt Ltd
8 年Very informative.