Our Savings Solutions are aimed at preserving your money, providing you with liquidity and giving you superior tax-efficient returns compared to bank accounts and FDs.
This is an ideal solution for investors who have low - medium propensity for risk and high liquidity. These can be ideal for first time investors in mutual funds.
Cash Funds or Ultra Short Term Bond Funds could be your answer. Cash Funds (also known as Liquid Funds) or Ultra Short Term Bond Funds invest in fixed return instruments of short maturities. Their main aim is to provide a high level of safety and earn a modest return.
Of course, you will not get the spectacular returns of an equity fund. But neither will you face the same level of risk.
Only when you have surplus money that you need to park for a short period of time in safe instruments, especially money that might be idling in a bank savings account. These funds are ideally meant for money that you do not want to block in longer term investments such as shares, fixed deposits, government bonds, etc. Consider such funds when you need the money back in a few days, few weeks or a few months. These are not suitable when you need to invest for periods greater than 6 months.
For any query, please feel free to contact us.