Earn higher returns on money lying in your savings account with liquid funds

Earn higher returns on money lying in your savings account with liquid funds

All of us work hard to earn a living. But when it comes to our savings we often let them lie idle in a Savings Account — earning jus 3.5% per annum.

But what if you could earn almost double the returns on your money?

Yes, that’s right, with Liquid Funds you can not only earn significantly more than a Savings Account but you can also withdraw your money instantly — anytime* and from anywhere!

What’s more? Liquid Funds don’t have a minimum balance and there is no lock-in.

Sounds interesting? Well, read on to know how you can make your money work as hard as you do.

So, what are Liquid Funds?

Liquid Funds are the safest mutual fund schemes as they DON’T invest in the stock market. Your money is invested in safer instruments such as Government and Bank securities.

What are the returns from liquid funds?

Liquid Funds tend to deliver significantly higher returns compared to Savings Account (see chart below). Over the past 5 calendar years, Liquid Funds have delivered an annual return of 6.50% to 8.25% as compared to only 3.5% to 4% return on savings account.

For how long should you invest your money? Is it possible to withdraw anytime?

Liquid Funds are ideal for parking your surplus money for a few weeks or months. Your investment will continue to earn returns as long as you stay invested.

You can withdraw your money instantly, anytime*. In fact, up to 90% of your balance in the liquid fund upto a daily limit of Rs 50,000 will be credited within a few minutes and the balance will be credited into your bank account within 2 business days.

How easy is it to invest and withdraw money from liquid funds?

You can invest and withdraw your money through the PhonePe app with just a few clicks. No need to visit any office or fill lengthy forms to invest or withdraw your money.

So, now you can make use of liquid funds and make your money work harder for you and that too with significant ease. What’s more, you can start with as little as ₹500.

To know how you can invest in liquid funds using PhonePe, read our next blogpost.

* A very small exit load of 0.007%, 0.0065%, 0.006%, 0.0055%, 0.005% and 0.0045% is applicable if you withdraw your money within 1 day, 2 days, 3 days, 4 days, 5 days and 6 days respectively.

Mutual Funds are subject to market risk. Please read the scheme information document carefully before investing.

PhonePe Wealth Broking Private Limited | AMFI — Registered Mutual Fund Distributor ARN- 187821.