Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a 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 funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable 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)|
|ICICI Prudential Liquid ETF | Invest Now||Sep-18||--||--||--||0.65||75|
|ICICI Prudential Liquid Fund | Invest Now||Nov-05||4.68||6.28||6.67||0.32||44,170|
|Aditya Birla Sun Life Liquid Fund | Invest Online||Mar-04||4.71||6.33||6.71||0.31||32,611|
|Nippon India Liquid Fund | Invest Online||Dec-03||4.67||6.33||6.70||0.30||24,930|
|Axis Liquid Fund||Oct-09||4.69||6.32||6.70||0.25||24,817|
|Best (Period)||Worst (Period)|
|Week||0.22 (23-Oct-2018 - 30-Oct-2018)||0.01 (26-Mar-2020 - 02-Apr-2020)|
|Month||0.58 (12-Oct-2018 - 12-Nov-2018)||0.14 (23-Mar-2020 - 22-Apr-2020)|
|Quarter||1.57 (29-Oct-2018 - 28-Jan-2019)||0.56 (23-Mar-2020 - 22-Jun-2020)|
|Year||5.67 (25-Sep-2018 - 25-Sep-2019)||3.24 (24-Oct-2019 - 23-Oct-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||--||--||--||36|
|Modified Duration (yrs)||--||0.01||0.00||0.10|
|Average Maturity (yrs)||0.00||0.01||0.00||0.09|
|Yield to Maturity (%)||3.26||4.92||0.55||3.38|
|Avg Credit Rating||Cash||--||--||--|
|The underlying data is unavailable.|
As on 30-Sep-2020
Education: Mr. Maru is M.Com and MBA in Finance.
Experience: Prior to this, he worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.
Personal finance advice and mutual fund ideas delivered to your inbox every Monday
The Scheme seeks to invest in CBLOs.The Scheme aims to provide returns before expenses that closely correspond to the returns of S&P BSE Liquid Rate Index, subject to tracking errors.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||--|
|Minimum SIP Investment (₹)||--|
|Minimum No of Cheques||--|
|Minimum Withdrawal (₹)||--|
|Minimum Balance (₹)||--|
|Fund House:||ICICI Prudential Mutual Fund|
|Return Since Launch:||--|
|Benchmark:||S&P BSE Liquid Rate TRI|
|Assets:||₹ 75 Cr (As on 30-Sep-2020)|
|Expense:||0.65% (As on 30-Sep-2020)|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: ICICI Prudential Asset Management Company Ltd
Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051
Phone: 022-26525000 / 1800-222-999 / 1800-200-6666
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]