It’s simple – if you don’t use your car, scooter or even for that matter a battery, you tend to lose it. Your money is no different. The smart thing to do is to invest in Liquid Funds or in Axis Treasury Advantage Fund.So if you have some spare cash languishing in your savings account, and if you don't want to block it in a fixed deposit or risk investing it in shares, Axis Treasury Advantage Fund is the answer.
Axis Treasury Advantage Fund works in a similar way as Liquid Funds except that the money is invested in money market and short-term debt instruments.The main of this fund is to provide a high level of safety and earn a modest return. Of course, you will not get the spectacular returns of an equity fund
. But neither will you face the same level of risk.Only when you have surplus money that you need to park for a short period of time in safe instruments, especially money that might be idling in a bank savings account. These funds are ideally meant for money that you do not want to block in longer term investments such as shares, fixed deposits, government bonds, etc. Consider such funds when you need the money back in a few days, few weeks or a few months. These are not suitable when you need to invest for periods greater than 6 months.
Key Features of Treasury Advantage Fund
- An open ended debt fund
- Suitable for an investment horizon of more than 15 days
- Portfolio average maturity is typically between 40 and 120 days
This Product is suitable for Investors who are seeking
- Regular income over short term
- Investment in debt and money market instruments
Investors should consult their financial advisers if in doubt about whether the product is suitable for them