Posted By: Admin
There seems to be a popular perception that Liquid Funds / Liquid Plus funds are instruments for corporates and institutions to use, I beg to differ. Even individuals with small surpluses can use these for very short term parking to great advantage. Since they offer quick liquidity ( 24hours), it is possible to liquidate them for one’s emergency needs as well. Since the minimum investments start as low as Rs 5000 onwards, they can be effective savings tool till one identifies the appropriate investment opportunity. Ways to use the Liquid Plus funds for individuals :
These days the returns are dwindling on the back of low bank interest and even lower savings bank interest. In times like these we need relook at our savings habit and make use the best opportunities without substantial risks.
A Saving of a mere Rs 25,000 in a liquid plus fund would generate an additional income of Rs 500 over the SB rate on an annual basis. So think about it the next time you see more than a few thousands in your savings account. Is your objective to make your bank grow rich or for you to grow wealthy ?
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