Hi Pankaj,
What is liquid mutual funds? Which liquid mutual funds are good for investment.
Thanks,
Mayank
1 Answers
Liquid mutual funds are open ended short term debt based mutual funds. They generally don't have any entry or exit loads. Investment can be done even for one day in these mutual funds. They are pretty safe to invest and no part is invested into equity or any other riskier assets.
You can read more about liquid mutual funds on this post: Don’t leave your money idle in savings account.
Some good liquid mutual funds at this point are: Magnum InstaCash Liquid Floater-G, JM High Liquidity Reg-G, BSL Floating Rate ST-G, HDFC Cash mgmt fund savings plan, Principal Cash Mgmt-G, ICICI Pru Liquid Inst I-G and Birla Sun Life Savings Fund - Retail Plan - Growth.
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