In December, PPFAS Mutual Fund, India’s 18th largest fund house, with assets worth Rs 57,000 crore, launched the ‘Instant Access Facility’ in its liquid fund, Parag Parikh Liquid Fund. This facility ensures that investors will get money in their bank accounts within a few seconds of applying for redemption. But Parag Parikh Liquid Fund is nothing new; around 11 fund houses already offer this facility. Aditya Birla SunLife, DSP, HDFC, Franklin Templeton and Nippon India are some of the...
