liquid funds - a terrific alternative to your low-interest savings account
DESCRIPTION
Is your money idling away in a low-interest savings account? Invest your surplus money in Liquid Funds! These debt mutual funds allow innumerable benefits like high returns, anytime withdrawal, zero penalty charges, safety and an immense amount of flexibility! Read this infographic from FundsIndia.com to know why Liquid Funds are the best savings alternative to your savings bank account.TRANSCRIPT
LIQUID FUNDSA Terriffic alternative to your low-interest savings account
What are Liquid Funds?
PENALTYANYTIME
WITHDRAWAL
GO
VT. OF INDIA
SECURITIES
A class of debt mutual funds that allow ANYTIME withdrawal
No penalty/load for exit from the scheme.
Invests in safe, short-term, debt instruments.
ATM cards available with some funds.
A class of debt mutual funds that allow ANYTIME withdrawal
No penalty/load for exit from the scheme.
Invests in safe, short-term, debt instruments.
ATM cards available with some funds.
Is your money idling away in a savings account?
Invest your surplus money in LIQUID FUNDS
#
Are they better than your Savings Account?
4.0% 4.0%
9.1%8.8% 9.0%
4.0%
2011-2012 2012-2013 2013-2014
GAIN
Rs.2,005
GAIN
Rs.4,500
Interest on savings bank (%) # Liquid Fund returns (%)
Annual returns between April-March
Returns annualized for 2013-2014, based on current returns
Actual returns between April 1 – Sep 30, 2013Source - RBI
Rs. 1,00,000 for a period of 6 months
Lower taxes when compared with taxes on bank interest.
Can generate income through dividend payouts.
Allows reinvesting the dividends as units and keeps your tax outgo low.
Create an emergency fund that you can withdraw anytime
Use it to temporarily park any large sums you receive
Save for short-term goals such as vacation or other obligations such as paying your insurance premium
Use it to systematically invest in to other mutual fund products
4 Smart Ways of using Liquid Funds
RE-INVESTDIVIDEND
TAX
Building your liquid kitty
REGULAR
EXPENSES
ONE-OFF EXPENSES
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With Liquid Funds
You gain
TWICETHE BANK SAVINGS
INTEREST
With Liquid Funds
You gain
TWICETHE BANK SAVINGS
INTEREST
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