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Emergency Fund in times today, is important in every household, and why it is, is already explained good by the uncertain COVID crisis, the whole world went through recently!
Emergency funds act as a cash cushion and help you tackle the financial crisis-like situation, be it sudden job loss, any medical emergency, any pandemic kind situation, or others.
After we learn the importance of emergency funds, the second part comes how much and where to keep it growing safely? An emergency fund kept aside depends on how much money you have to live on. At the very least, your emergency fund should cover three months' worth of living expenditures.
Experts say to keep your emergency funds at a place where it is easily cashable, safe, and continuously growing. Liquid funds are one of the best options to invest in your emergency fund!
Below, we are discussing some of the best liquid Mutual Funds where one can plan their investments, do have a look!
To receive a free advisory on Investments In Mutual Fund, contact our executives asap!
Quant Liquid Plan-Growth
A liquid fund category debt mutual fund, run and managed by Quant Mutual Fund House. The fund has 45.35% investment in Debt of which, 45.35% in funds invested in very low-risk securities.
The fund size of the scheme is around Rs 493 crores and it charges a total expense ratio of around 0.55%. The fund charges a very small amount as exit load on different redemption conditions like:
- The fund charges an exit load equal to 0.006999999999999999% of sell value if the fund is sold before 1 day.
- The fund charges an exit load equal to 0.0065% if the fund is sold before 2 days.
- The fund charges an exit load equal to 0.006% if the fund is sold before 3 days.
- The fund charges an exit load equal to 0.0055000000000000005% if the fund is sold before 4 days.
- The fund charges an exit load equal to 0.005% if the fund is sold before 5 days.
- The fund charges an exit load equal to 0.0045000000000000005% if the fund is sold before 6 days.
The investment objective of the scheme is to generate income through a portfolio comprising money market and debt instruments. There is no assurance that the investment objective of the Scheme will be realized.
This fund is best recommended to investors looking to invest money for the short-term and are looking for alternatives to bank accounts or Fixed Deposits.
IDBI Liquid Fund– Growth
A liquid fund category debt mutual fund, run and managed by IDBI Mutual Fund House. The fund has 65.98% investment in Debt of which 2.75% is in Government securities, 63.23% in funds invested in very low-risk securities.
The fund size of the scheme is around Rs 905 crores and it charges a total expense ratio of around 0.13%. The fund charges a very small amount as exit load on different redemption conditions like:
- The fund charges an exit load equal to 0.006999999999999999% of sell value if the fund is sold before 1 day.
- The fund charges an exit load equal to 0.0065% if the fund is sold before 2 days.
- The fund charges an exit load equal to 0.006% if the fund is sold before 3 days.
- The fund charges an exit load equal to 0.0055000000000000005% if the fund is sold before 4 days.
- The fund charges an exit load equal to 0.005% if the fund is sold before 5 days.
- The fund charges an exit load equal to 0.0045000000000000005% if the fund is sold before 6 days.
The objective of the scheme is to provide investors with a high level of liquidity along with regular income for their investments. The Scheme will endeavor to achieve this objective through an allocation of the investment corpus in a low-risk portfolio of money market and debt instruments.
This fund is best recommended to investors looking to invest money for the short-term and are looking for alternatives to bank accounts or Fixed Deposits.
Edelweiss Liquid Fund– Growth
A liquid fund category debt mutual fund, run and managed by Edelweiss Mutual Fund House. The fund has 83.34% investment in Debt of which 14.34% is in Government securities, 69% in funds invested in very low-risk securities.
The fund size of the scheme is around Rs 1,045 crores and it charges a total expense ratio of around 0.13%. The fund charges a very small amount as exit load on different redemption conditions like:
- The fund charges an exit load equal to 0.006999999999999999% of sell value if the fund is sold before 1 day.
- The fund charges an exit load equal to 0.0065% if the fund is sold before 2 days.
- The fund charges an exit load equal to 0.006% if the fund is sold before 3 days.
- The fund charges an exit load equal to 0.0055000000000000005% if the fund is sold before 4 days.
- The fund charges an exit load equal to 0.005% if the fund is sold before 5 days.
- The fund charges an exit load equal to 0.0045000000000000005% if the fund is sold before 6 days.
The investment objective is to generate reasonable returns with high liquidity to the unitholders.
This fund is best recommended to investors looking to invest money for the short-term and are looking for alternatives to bank accounts or Fixed Deposits.
Mahindra Manulife Liquid Fund - Direct Plan-Growth
A liquid fund category debt mutual fund, run and managed by Mahindra Manulife Mutual Fund House. The fund has 75.25% investment in Debt of which 21.89% is in Government securities, 53.36% in funds invested in very low-risk securities.
The fund size of the scheme is around Rs 1,729 crores and it charges a total expense ratio of around 0.14%. The fund charges a very small amount as exit load on different redemption conditions like:
- The fund charges an exit load equal to 0.006999999999999999% of sell value if the fund is sold before 1 day.
- The fund charges an exit load equal to 0.0065% if the fund is sold before 2 days.
- The fund charges an exit load equal to 0.006% if the fund is sold before 3 days.
- The fund charges an exit load equal to 0.0055000000000000005% if the fund is sold before 4 days.
- The fund charges an exit load equal to 0.005% if the fund is sold before 5 days.
- The fund charges an exit load equal to 0.0045000000000000005% if the fund is sold before 6 days.
The Scheme seeks to deliver reasonable market-related returns with lower risk and higher liquidity through a portfolio of money market and debt instruments.
This fund is best recommended to investors looking to invest money for the short-term and are looking for alternatives to bank accounts or Fixed Deposits.
To get more details about the fund you can refer to the fund fact sheet or you can get in touch with us. Call us on- 0612-6604453 or mail us at- [email protected].
For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.
Happy Investing!
(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).