Podcast 19
Beat the heat, wear the Liquid funds' Umbrella.
If you have any short-term goals, then it is best to invest in liquid mutual funds. While you may have a savings account, it is also significant to maintain liquid funds account that will be useful for goals you want to achieve in 3 months' time, as well as during contingencies.
Some of the features of liquid funds include:
It is ideal for emergencies.
It can be easily redeemed whenever you need funds.
It does not require planning.
It is not affected by market volatility.
However, investment in liquid mutual funds does not mean that you should not have a savings account. You can save some money in savings and some in liquid MF. For more information, listen to the Mutually Yours podcast.
Things to know about ETFs (Exchange Traded Funds)
ETFs are open-ended Mutual Fund schemes, offering investors a bouquet of diversified securities. In this blog, we talk about ETF Liquidity, ETFs as passive funds, and real-time NAVs of a ETF. Also, learn the 5 essential things you need to know about ETF investing in Mutual Funds
How to Transfer Mutual Funds
The only scenario in which the transfer of mutual funds from one holder to another is permitted is the investor's death.
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