Savings Funds
Cash is one of your most important assets and should be managed efficiently to support your growth and financial strength.
All of us need cash to take care of our daily expense’s groceries, provisions etc. as well as to deal with any medical emergencies. But at the same time, we don’t want the cash to be lying idle or blocked. If you keep your cash idle, you are depriving your cash to earn for you. It would be smart to invest this cash in Mutual Funds, so that it earns you returns and is still available as and when you need it. Hence, invest in Ultra Short Term Debt Fund as it is the best way to invest your cash and manage it smartly.
The ideal amount should be 3-6 monthly expenses to meet emergency needs of our family.
We generally keep our money in a savings account so that you can withdraw it at any time and also enjoy some interest on it while it’s there. While a savings account is a good option to keep your money handy, the interest it earns does not even match up with inflation (the avg. inflation rate in the last 5 years was 6.29%!). A smarter option can be Mutual Fund Ultra Short Term Debt Fund. It keeps your money easily accessible and also offers you the potential to earn more than the savings bank interest with safety and liquidity with tax efficient.
The investment objective of the Scheme is to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of money market securities and high-quality debt
Benefits
Preserve Money
Liquidity (Easy Cash)
Tax Efficient Returns
Principal
High Capital Safety - Suitable for Short term to Medium Term for Low to Medium Risk Suitable for - Meeting daily expenses, Seed Capital New Business, Life Style Improvements, Any Social & Health Emergencies
Liquid Funds - Upto 91 Days
Union Liquid Fund - Regular Plan - Growth Option Axis Liquid Fund - Regular Plan - Growth Option
Ultra Short Term Fund - For 3 to 6 Months
Baroda BNP Paribas Ultra Short Duration Fund-Regular Plan-Growth Option SBI Magnum Ultra Short Duration Fund - Regular Plan - Growth Option
Low Duration Fund - 6 to 12 Months
UTI Treasury Advantage Fund-Regular Plan-Growth Option ICICI Prudential Savings Fund - Regular Plan - Growth Option
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
