Nowadays, savings has become mandatory and so people try to find the right mutual fund to make an investment options. Of course, there are so many investment options are accessible but liquid fund is the best one and which is commonly debt fund and have lock-in-period up to 3 months. It is the best one for the investors who seek short time lock-in-period and sure goes with the liquid fund mutual fund.
Liquid fund is very popular choice among others since it gives you higher returns than your normal savings. In addition, one part of liquid fund is considered as the fixed deposit and the other part offers higher returns in the form of liquidity. It is the savings which can be debt in the market instruments such as treasury bills, government securities and a lot more!! Have a look at the following article and know the top 5 liquid funds!!
What are the types of liquid fund to invest?
- HDFC Liquid Fund:
Here are the top 5 liquid funds and know what actually it is and their interest rate!
HDFC liquid fund is one of the types of liquid fund and the scheme offers attractive returns to the investors with different percentages. And also, it comes up with different lock-in-periods such as 1-5 years. In addition, it is a type of investment which is worthy to your money and offers 7.65% of interest. Moreover, it is available with zero acclaim with less risk. As a whole, liquid account is the simple and low menace proposal and offers higher returns to the investors.
- ICICI Prudential Liquid Fund
ICICI is a recognized scheme with 13 years old. Due to its good routine, this liquid finance has become more well-liked and yield higher returns with 7.42% with the tenure period of about 3 years respectively. With the help of AAA rated, anyone can invest your savings easily since it is less risk investment options. If you are the one who is looking for the short-term schemes, then it is the apt one and pride to offer higher returns.
- Aditya Birla Sun Life Liquid Fund
Aditya Birla Sun Life Liquid Fund is the best one and pride to generate an impressive interest rate of about 7.47% and the system serves a lot to the users and so investors enjoy higher return policy over the era of occasion. For those, who are gazing for realistic investment options, then undoubtedly it is the best one and offers better interest rate.
- Kotak Mahindra Liquid Scheme
Kotak Mahindra Liquid proposal is one of the best ways to save your investments and available with three tenures such as short, middle and long years with 1, 3, and 5 years lock in period. With the help of scheme, investors can enjoy higher interest rate with 7.40% with a standard of 0.09%.
- Reliance Liquid Fund
It has preserved a great routine track record and so comes up with low risk quotient. And also, it has become very popular due to its interest generation of about 7.51% with lock in period of 3 years.