Your money is relatively safe, liquid and offers potential growth.
You can invest your money for a very short period – one day, a week, a month and more!
Redeem your money anytime with a simple online request. You can
redeem up to 90% of current value of available units or maximum of
50,000 per day per investor, whichever is lower*.
Keeping your money idle is not the best thing to do. It may give us immense comfort seeing a huge pile of cash or saving, but it does not help in the long run. Inflation may eat into your savings, which means the value of money gets eroded over a period of time.
The minimum investment amount varies with different fund houses. On an average this amount may be between 5000 - 10,000.
Returns generated by ‘Normal Paisa’ is taken as 4% (ref. interest on savings bank account) and returns generated by ‘Kamaanewala paisa’ is taken as adhoc rate of 7%. The above illustration is given to explain the benefits of investing in Mutual Funds and does not depict performance and expected returns for any Mutual Fund scheme.
Investments in liquid/ debt mutual fund schemes are subjected to capital gains at applicable rates on redemption. Further, Mutual Funds are required to deduct tax on dividend distribution tax on dividend distributed at applicable rates. The impact of the capital gains and DDT is not considered in above illustration. Interest earned on deposits in Savings Bank Account is exempt from taxes upto Rs. 10,000/- per annum and balance is taxable at the rate applicable to investor as per applicable tax slab. The impact of taxation is not considered in above illustration. Information set out above is for general purpose only prospective clients should not treat this information as advice relating to taxation or investment or any other matter. In view of the individual nature of the implications, each investor is advised to consult with his or her own tax advisors/investment advisors with respect to the specific tax and other implications arising out of his or her investment in the schemes of mutual fund.