Best Liquid Fund

POSTED BY Hari Sudhan ON June 21, 2012 12:46 pm COMMENTS (7)

I would like to move my savings account money to a Liquid Fund.
Please suggest a best performing Liquid Fund.

I shall be redeeming my money from this fund based on my need.

The reason to move money from savings account to liquid fund is for a better interest.

Also, please suggest if this is a worthy move.

Hari Sudhan

7 replies on this article “Best Liquid Fund”

  1. BanyanFA says:

    I personally go for HDFC Cash Management Plan – saving plan or reliance liquid fund. In both the case I have an online access to the portal where I just login and park the funds and redeem when required.

  2. Hari Sudhan says:

    Hi

    As I said earlier the goal for this switch is only “higher returns” on my liquid cash, is moving the liquid cash to “liquid fund” a better option compared to term deposit ( fixed/recurring) offered by any bank (say icici ) ?

    Except that there may be charges for pre-mature withdrawal in term deposit as against nill in liquid fund.

    Thanks
    Hari Sudhan

    1. Deaer Hari, How about investing in MFs using fundsindia platform?

      Thanks

      Ashal

  3. Hari Sudhan says:

    Hi Ashal

    Unfortunately my online trading account limits my purchase to a list of AMC and Escorts is not in that list. So, based on list of allowed AMC, I saw “Birla Sun Life Floating rate short term” to be the closest with better returns.

    Hari Sudhan

  4. Hari Sudhan says:

    Hi Ashal

    If you are suggesting this fund only based on easy redemption, I would like to say that I have activated online trading account for mutual fund, wherein I can redeem the liquid fund to my bank account and the transfer happens within a day ( is what I am told )

    Hence I said higher returns on my liquid is my only goal for this switch.

    Thanks
    Hari Sudhan

  5. Dear Hari, instead of focusing on higher returns, you should think of your liquidity needs. Although it’s not liquid fund but for liquidity purpose, Rel. RSF Debt fund is a better choice as it’s providing ATM card for redemption of money any time.

    Thanks

    Ashal

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