Liquid funds can be considered as baby steps to enter the world of mutual funds. As the name suggests, liquid funds mean funds in which the amount invested can also be redeemed with ease. Here the funds are invested in securities which typically have a lower maturity and the risks of capital erosion is minimal. How is this possible? Before we undertake the process of investing in liquid funds, let us have a glimpse of the mutual fund scenario in India. As per AMFI data as of March 2018, the assets under management (AUM) is in over Rs 21.36 lakh crore. And liquid and money market schemes constitute Rs 3.36 lakh crore, close to 16% of the overall AUM.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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