Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, if your aim is to build wealth in the long run.
Taxability of earnings:
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|BOI AXA Liquid - Unclaimed | Invest Online||Oct-17||--||--||--||--||396|
|ICICI Prudential Liquid Fund | Invest Now||Nov-05||5.53||6.61||6.95||0.32||57,566|
|Aditya Birla Sun Life Liquid Fund | Invest Online||Mar-04||5.59||6.67||7.00||0.30||43,090|
|Nippon India Liquid Fund | Invest Online||Dec-03||5.55||6.67||6.99||0.27||31,728|
|Axis Liquid Fund | Invest Online||Oct-09||5.54||6.66||6.99||0.22||27,032|
|Best (Period)||Worst (Period)|
|Week||0.46 (24-Mar-2020 - 31-Mar-2020)||-0.17 (17-Mar-2020 - 24-Mar-2020)|
|Month||0.82 (25-Mar-2020 - 24-Apr-2020)||0.11 (23-Feb-2020 - 24-Mar-2020)|
|Quarter||1.77 (26-Mar-2018 - 25-Jun-2018)||0.87 (24-Dec-2019 - 24-Mar-2020)|
|Year||7.11 (27-Feb-2018 - 27-Feb-2019)||4.98 (04-Jul-2019 - 03-Jul-2020)|
The Risk Measures have been calculated using calendar month returns for the last three years.
|Fund||1Y High||1Y Low||Category|
|Number of Securities||15||18||13||57|
|Modified Duration (yrs)||0.01||0.01||0.01||--|
|Average Maturity (yrs)||0.13||0.16||0.07||--|
|Yield to Maturity (%)||3.72||6.41||3.72||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Reserve Bank of India 84-D 20/08/2020||Treasury Bills||SOV||0.00 - 17.57||17.57|
|Reserve Bank of India 91-D 07/08/2020||Treasury Bills||SOV||0.00 - 10.05||10.05|
|SIDBI 2020||Certificate of Deposit||A1+||0.00 - 6.79||6.32|
|Indian Bank 2020||Certificate of Deposit||A1+||0.00 - 6.80||6.32|
|Bank of Baroda 2020||Certificate of Deposit||A1+||0.00 - 6.80||6.32|
|Reserve Bank of India 84-D||Treasury Bills||SOV||0.00 - 13.57||6.31|
|ICICI Bank 2020||Certificate of Deposit||A1+||0.00 - 6.79||6.31|
|Axis Bank 23/06/2020||Certificate of Deposit||A1+||0.00 - 6.78||6.31|
|Blue Star 83-D 29/06/2020||Commercial Paper||A1+||0.00 - 6.29||6.29|
|Tata Capital Financial Services 91-D 22/07/2020||Commercial Paper||A1+||0.00 - 6.28||6.28|
|Reliance Jio Infocomm 91-D 24/07/2020||Commercial Paper||A1+||0.00 - 6.28||6.28|
|Reserve Bank of India 91-D 13/08/2020||Treasury Bills||SOV||0.00 - 6.28||6.28|
|ICICI Securities 59-D 17/07/2020||Commercial Paper||A1+||0.00 - 6.28||6.28|
|Reliance Industries 91-D 18/08/2020||Commercial Paper||A1+||0.00 - 6.27||6.27|
|Bajaj Finance 91-D 17/08/2020||Commercial Paper||A1+||0.00 - 6.26||6.26|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-May-2020
Education: Mr. Modani is Chartered Accountant
Experience: Prior to joining BOI AXA Mutual Fund, he has worked with Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
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The fund aims to generate reasonable market related returns by investing in Money Market instruments. Also seeks to provide high liquidity to investors. The scheme would be investing more than 80% into securities having average maturity less than or equal to 6 months with low risk profile.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||--|
|Minimum No of Cheques||--|
|Minimum Withdrawal (₹)||1,000|
|Minimum Balance (₹)||--|
|Exit Load||Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.
|Fund House:||BOI AXA Mutual Fund|
|Return Since Launch:||--|
|Assets:||₹ 396 Cr (As on 31-May-2020)|
|Expense:||-- (As on )|
AMC: BOI AXA Investment Managers Private Ltd.
Address: B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]