What is liquid fund investment in PhonePe?

Is it good to invest in PhonePe liquid funds?

Liquid Funds are an ideal substitute for the savings bank account! … They offer higher returns than a bank account and are the safest mutual fund investments which are suitable for short term savings. You can even create this investment solely as an emergency fund.

How liquid funds work in PhonePe?

Customers can withdraw their money instantly. For instant withdrawal, they can withdraw 90 percent of the balance, up to Rs. 50,000 per day that will be credited to the user’s bank account within 30 minutes. The balance will be credited within two working days.

Can I lose money in liquid funds?

Liquid Funds are one of the safest mutual funds. That’s because they lend to good companies for an extremely short duration, and that reduces risk. The risk of losing money is almost zero if you stay invested for some amount of time.

How do I withdraw my liquid fund from PhonePe?

To withdraw money from PhonePe Liquid Fund, open the PhonePe app after investing in it. Then click on the below ‘My Money’ option. After that, you can see an option, Liquid Fund. Now if you already invested in a liquid fund simply click on withdraw option.

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Which is best liquid fund?

The table below shows the top-performing liquid funds based on the past 3 and 5-year returns:

Mutual fund 5 Yr. Returns 3 Yr. Returns
JM Liquid Fund (Direct) – Growth Option 7.64% 7.13%
Aditya Birla Sun Life Money Manager Fund – Direct Plan – Growth 6.99% 6.87%
Aditya Birla Sun Life Money Manager Fund 6.87% 6.74%

Which is best investment in PhonePe?

PhonePe has the perfect solution for you. Tax Saving Funds are an Equity Linked Savings Scheme (ELSS) with a 3 year lock-in period, which is the minimum among all eligible investment products under Section 80C. These funds are also known to deliver higher long-term returns compared to other 80C investment options.

What is the risk in liquid fund?

Although liquid funds are not entirely risk-free, however, they are low risk-low returns instruments. As they invest predominantly in debt instruments, they are subject to interest rate risk and credit risk. A change in the prevailing interest rates may cause a difference in the price of the debt instruments.

Which app is best for mutual fund investment?

7 Best mutual fund apps for direct investment:

  • Groww- Direct Mutual Funds App.
  • ETMONEY Mutual Fund App.
  • myCAMS Mutual Fund App.
  • KFinKart- Investor Mutual Funds.
  • Zerodha Coin.
  • PayTM Money Mutual Funds App.
  • KTrack mobile app by Karvy.

Is PhonePe secure?

PhonePe is 100% safe and secure. It is powered by Yes Bank. All payments happen over secure banking networks and the app does not store any user data or passwords. All you need to do for every transaction is enter your MPIN (which only you know).

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Is Liquid Fund better than FD?

Liquid Funds used to provide returns comparable to bank FDs with better liquidity and indexation benefits on long-term capital gain. … “Liquid funds are a specialised form of mutual funds that invest in extremely short term fixed instruments with a maturity of 91 days.

Which is the safest liquid fund?

Liquid Mutual Funds vs

Liquid mutual funds have lowest interest rate risk and default risk. They are highly liquid and can be redeemed within a day. Hence, they are ideal for parking short term surplus cash or creating an emergency fund. Liquid mutual fund is the safest type of debt fund in India.

Do liquid funds have lock-in period?

Liquid funds are an excellent option to park your idle money. These are low-risk havens that offer higher returns than a regular savings bank account. Liquid funds try to emulate the liquidity aspect of a savings bank account. These funds don’t have a lock-in period.

What is the minimum transaction in PhonePe?

1,20,000/-. Further, Your PhonePe Wallet balance shall be limited to Rs. 10,000/- at any point in time and You may not be allowed to add funds in case Your PhonePe limits are triggered except in case of refunds on cancelled transactions, wherein the balance may be higher than the limit of Rs.

How do I withdraw money from liquid?

Firstly, hover over Funds and then click Withdrawals.

  1. Alternatively, navigate to your Dashboard, hover over the cryptocurrency you want to withdraw and click Withdraw.
  2. If using the first method, use the drop-down menu on the left to select the cryptocurrency you want to withdraw.
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When can I withdraw from liquid fund?

In case of liquid funds, there will be a small exit load if withdrawal is made within the first seven days of the investment. Also, in case of savings bank accounts, the interest earned up to ₹10,000 per year is tax-free, while in case of liquid funds, you will have to pay short-term or long-term capital gains tax.