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)|
|Union Liquid - Unclaimed||Jan-18||--||--||--||0.43||545|
|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||0.67 (24-Mar-2020 - 31-Mar-2020)||-3.27 (13-Sep-2018 - 20-Sep-2018)|
|Month||1.05 (24-Mar-2020 - 23-Apr-2020)||-2.87 (04-Sep-2018 - 04-Oct-2018)|
|Quarter||1.75 (25-May-2018 - 24-Aug-2018)||-1.78 (03-Sep-2018 - 03-Dec-2018)|
|Year||6.64 (18-Sep-2018 - 18-Sep-2019)||3.05 (13-Sep-2018 - 13-Sep-2019)|
The Risk Measures have been calculated using calendar month returns for the last three years.
|Fund||1Y High||1Y Low||Category|
|Number of Securities||12||20||12||28|
|Modified Duration (yrs)||0.10||0.13||0.05||--|
|Average Maturity (yrs)||0.11||0.13||0.06||--|
|Yield to Maturity (%)||3.82||6.78||3.82||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Reserve Bank of India 84-D 20/08/2020||Treasury Bills||SOV||0.00 - 10.97||10.97|
|National Bank Agr. Rur. Devp 16/07/2020||Commercial Paper||A1+||0.00 - 9.17||9.17|
|Reliance Jio Infocomm 91-D 20/07/2020||Commercial Paper||A1+||0.00 - 9.23||9.17|
|LIC Housing Fin. 356-D 20/08/2020||Commercial Paper||A1+||0.00 - 9.14||9.14|
|Alembic Pharmaceuticals 90-D 09/09/2020||Commercial Paper||A1+||0.00 - 9.11||9.11|
|SIDBI 182-D 16/07/2020||Commercial Paper||A1+||0.00 - 4.59||4.59|
|Axis Bank 24/07/2020||Certificate of Deposit||A1+||0.00 - 4.58||4.58|
|Reliance Industries 86-D 30/07/2020||Commercial Paper||A1+||0.00 - 4.58||4.58|
|Reserve Bank of India 91-D 30/07/2020||Treasury Bills||SOV||0.00 - 4.58||4.58|
|Reserve Bank of India 91-D 13/08/2020||Treasury Bills||SOV||0.00 - 4.57||4.57|
|ICICI Bank 13/08/2020||Certificate of Deposit||A1+||0.00 - 4.57||4.57|
|ICICI Bank 21/08/2020||Certificate of Deposit||A1+||0.00 - 4.57||4.57|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Jun-2020
*As on 31-May-2020
Education: Mr. Thacker is a B.Com (H) and Post graduate from University of Pune.
Experience: Prior to joining Union AMC in 2011 he has worked with Sahara AMC.
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The scheme seeks to provide reasonable returns commensurate with lower risk and high level of liquidity through a portfolio of money market and debt securities.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||2,000|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||1,000|
|Minimum Balance (₹)||1|
|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:||Union Mutual Fund|
|Return Since Launch:||--|
|Assets:||₹ 545 Cr (As on 30-Jun-2020)|
|Expense:||0.43% (As on 31-Mar-2020)|
AMC: Union Asset Management Company Pvt.Ltd.
Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai - 400059
Phone: 022-67483300 / 1800-200-2268
Email: [email protected]
Registrar & Transfer Agent: Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002
Phone: 1800-3010-6767 / 1800-419-7676
Email: [email protected]