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Top 5 Best Low Risk Mutual Funds to Invest in 2023

Updated on March 22, 2023 , 69978 views

Generally, a newbie to investment or a senior citizen who wants to secure their funds look for low-risk Mutual Funds. When an investor wants to invest in a low-risk mutual funds it's usually because he needs to secure his money or earn optimal returns in a short duration.

low-risk-mf

So, if you are one of those you can read more

What are Low Risk Investment Funds?

Many investors look forward to Investing in mutual funds as these offer higher returns and also are more tax efficient than other instruments like fixed deposits. But, when it comes to risk-averse investors, these are investors who are looking for secure returns and can’t tolerate risk in investments. Also, a risk-averse investor won’t prefer investing in equities, as they are highly risky funds.

Debt fund are suited for risk-averse or even a newbie investor who is willing to invest in Mutual Funds. As debt funds invest in government Bonds, Money market funds, etc., they are relatively safer. There are various types of debt funds like Liquid Funds, ultra-short term funds, short term funds, dynamic bonds, gilts funds, etc., that vary in risks. long term debt funds are risky funds, thus investors with a low-risk appetite should avoid investing in these funds.

Liquid funds and ultra-short term funds are the lowest risky funds that’s aims at generating optimal returns for a short duration. Thus a newbies investor who wants to earn good returns on their idle money within a shorter tenure can invest here.

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Best Low Risk Mutual Funds FY 23 - 24

Liquid Funds

Liquid funds invest in securities that have a low maturity period, usually less than 91 days. These funds provide easy liquidity and are least volatile than the other types of debt instruments. Also, liquids are a better option than traditional Bank Savings Account. In comparison to bank account, liquid funds provide 7-8% of annual interest. Investors who want risk-free investment can ideally prefer investing in these funds. Here are the top 5 Best Liquid Funds.

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Principal Cash Management Fund Growth ₹1,968.47
↑ 0.27
₹4,1701.63.25.64.14.87.03%23D21D
PGIM India Insta Cash Fund Growth ₹290.272
↑ 0.04
₹8101.73.25.54.34.86.94%19D22D
JM Liquid Fund Growth ₹60.9304
↑ 0.01
₹1,4271.63.25.54.24.87.06%18D19D
Indiabulls Liquid Fund Growth ₹2,158.74
↑ 0.29
₹2131.63.15.344.66.92%1M 4D1M 6D
Baroda Pioneer Liquid Fund Growth ₹2,567.02
↑ 0.50
₹6,6861.73.35.74.34.97.47%1M 9D1M 13D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Mar 23

Ultra Short Term Funds

These funds invest in a combination of debt instruments like treasury bills, commercial papers, certificate of deposits, and corporate bonds. The funds have a lower residual maturity, ranging from 6 months to 1 year. Ultra Short Term fund offer good returns with very less Market Volatility. Newbie investors who are looking for better returns than Liquid Funds should prefer investing in these funds, as they provide better returns than liquid funds. Here are the top 5 best ultra-short term funds.

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Aditya Birla Sun Life Savings Fund Growth ₹463.058
↑ 0.00
₹14,4571.73.25.35.74.87.83%5M 19D6M
BOI AXA Ultra Short Duration Fund Growth ₹2,731.87
↑ 0.22
₹1181.534.94.54.47.39%3M 4D3M 11D
UTI Ultra Short Term Fund Growth ₹3,625.45
↑ 0.36
₹2,1311.634.95.64.27.51%4M 25D4M 30D
Indiabulls Ultra Short Term Fund Growth ₹2,021.64
↑ 0.84
₹180.81.54.26.2 3.23%1D1D
ICICI Prudential Ultra Short Term Fund Growth ₹23.5603
↑ 0.00
₹12,4471.63.15.25.44.57.81%4M 28D5M 23D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Mar 23

1. Baroda Pioneer Liquid Fund

To generate income with a high level of liquidity by investing in a portfolio of money market and debt securities.

Baroda Pioneer Liquid Fund is a Debt - Liquid Fund fund was launched on 5 Feb 09. It is a fund with Low risk and has given a CAGR/Annualized return of 6.9% since its launch.  Ranked 22 in Liquid Fund category.  Return for 2022 was 4.9% , 2021 was 3.3% and 2020 was 4.1% .

Below is the key information for Baroda Pioneer Liquid Fund

Baroda Pioneer Liquid Fund
Growth
Launch Date 5 Feb 09
NAV (26 Mar 23) ₹2,567.02 ↑ 0.50   (0.02 %)
Net Assets (Cr) ₹6,686 on 28 Feb 23
Category Debt - Liquid Fund
AMC Baroda Pioneer Asset Management Co. Ltd.
Rating
Risk Low
Expense Ratio 0.25
Sharpe Ratio -0.73
Information Ratio -2.09
Alpha Ratio -0.14
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.47%
Effective Maturity 1 Month 13 Days
Modified Duration 1 Month 9 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,756
29 Feb 20₹11,433
28 Feb 21₹11,864
28 Feb 22₹12,267
28 Feb 23₹12,927

Baroda Pioneer Liquid Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Baroda Pioneer Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Mar 23

DurationReturns
1 Month 0.5%
3 Month 1.7%
6 Month 3.3%
1 Year 5.7%
3 Year 4.3%
5 Year 5.3%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.9%
2021 3.3%
2020 4.1%
2019 6.6%
2018 7.5%
2017 6.7%
2016 7.8%
2015 8.4%
2014 9.1%
2013 9.2%
Fund Manager information for Baroda Pioneer Liquid Fund
NameSinceTenure
Mayank Prakash21 Oct 220.28 Yr.
Vikram Pamnani14 Mar 220.89 Yr.

Data below for Baroda Pioneer Liquid Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Cash Equivalent76.06%
Corporate16.87%
Government7.07%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps 16-Feb-2023
CBLO/Reverse Repo | -
33%₹2,647 Cr
Net Receivable / Payable
CBLO | -
5%-₹399 Cr
Indian Railway Finance Corporation Limited
Debentures | -
4%₹348 Cr3,500
↑ 3,500
National Bank For Agriculture And Rural Development
Commercial Paper | -
3%₹247 Cr5,000
Axis Bank Limited
Certificate of Deposit | -
3%₹247 Cr5,000
LIC Housing Finance Limited
Commercial Paper | -
3%₹246 Cr5,000
Tata Capital Financial Services Limited
Commercial Paper | -
3%₹246 Cr5,000
↑ 5,000
Reliance Jio Infocomm Ltd.
Commercial Paper | -
3%₹246 Cr5,000
↑ 5,000
Reliance Retail Ventures Limited
Commercial Paper | -
3%₹245 Cr5,000
↑ 5,000
Canara Bank
Certificate of Deposit | -
3%₹227 Cr4,600
↑ 4,600

2. Aditya Birla Sun Life Liquid Fund

(Erstwhile Aditya Birla Sun Life Cash Plus Fund)

An Open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.

Aditya Birla Sun Life Liquid Fund is a Debt - Liquid Fund fund was launched on 30 Mar 04. It is a fund with Low risk and has given a CAGR/Annualized return of 7% since its launch.  Ranked 15 in Liquid Fund category.  Return for 2022 was 4.8% , 2021 was 3.3% and 2020 was 4.3% .

Below is the key information for Aditya Birla Sun Life Liquid Fund

Aditya Birla Sun Life Liquid Fund
Growth
Launch Date 30 Mar 04
NAV (24 Mar 23) ₹359.119 ↑ 0.03   (0.01 %)
Net Assets (Cr) ₹28,072 on 28 Feb 23
Category Debt - Liquid Fund
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.33
Sharpe Ratio -1.22
Information Ratio -3.94
Alpha Ratio -0.22
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.22%
Effective Maturity 1 Month 2 Days
Modified Duration 1 Month 2 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,751
29 Feb 20₹11,435
28 Feb 21₹11,884
28 Feb 22₹12,281
28 Feb 23₹12,933

Aditya Birla Sun Life Liquid Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Aditya Birla Sun Life Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Mar 23

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.2%
1 Year 5.6%
3 Year 4.3%
5 Year 5.3%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.8%
2021 3.3%
2020 4.3%
2019 6.7%
2018 7.4%
2017 6.7%
2016 7.7%
2015 8.4%
2014 9.2%
2013 9.3%
Fund Manager information for Aditya Birla Sun Life Liquid Fund
NameSinceTenure
Sunaina Cunha15 Jul 1111.56 Yr.
Kaustubh Gupta15 Jul 1111.56 Yr.
Sanjay Pawar1 Jul 220.59 Yr.
Harshil Suvarnkar9 Jun 211.65 Yr.

Data below for Aditya Birla Sun Life Liquid Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Cash Equivalent71.75%
Government14.76%
Corporate13.49%
Credit Quality
RatingValue
AA1.01%
AAA98.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 DTB 30032023
Sovereign Bonds | -
26%₹8,524 Cr858,689,700
Net Receivables / (Payables)
CBLO | -
6%-₹2,083 Cr
Bank Of Maharashtra
Certificate of Deposit | -
5%₹1,744 Cr35,000
Union Bank Of India
Certificate of Deposit | -
5%₹1,596 Cr32,000
Reverse Repo
CBLO/Reverse Repo | -
4%₹1,315 Cr
National Bank For Agriculture And Rural Development
Commercial Paper | -
3%₹1,016 Cr20,500
Adani Ports And SPecial Economic Zone Limited
Commercial Paper | -
3%₹995 Cr20,000
Hdfc Bank Limited (27/03/2023) #
Certificate of Deposit | -
2%₹794 Cr8,000,000
↑ 8,000,000
IDFC First Bank Limited
Certificate of Deposit | -
2%₹747 Cr15,000
Uco Bank
Certificate of Deposit | -
2%₹746 Cr15,000

3. Canara Robeco Liquid

To enhance the income, while maintaining a level of liquidity through, investment in a mix of MMI & Debt securities. However, there can be no assurance that the investment objective of the scheme will be realized.

Canara Robeco Liquid is a Debt - Liquid Fund fund was launched on 15 Jul 08. It is a fund with Low risk and has given a CAGR/Annualized return of 6.9% since its launch.  Ranked 44 in Liquid Fund category.  Return for 2022 was 4.9% , 2021 was 3.2% and 2020 was 3.7% .

Below is the key information for Canara Robeco Liquid

Canara Robeco Liquid
Growth
Launch Date 15 Jul 08
NAV (26 Mar 23) ₹2,682.76 ↑ 0.52   (0.02 %)
Net Assets (Cr) ₹2,548 on 28 Feb 23
Category Debt - Liquid Fund
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Low
Expense Ratio 0.14
Sharpe Ratio -1.13
Information Ratio -3.95
Alpha Ratio -0.16
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.19%
Effective Maturity 1 Month 16 Days
Modified Duration 1 Month 12 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,744
29 Feb 20₹11,392
28 Feb 21₹11,772
28 Feb 22₹12,161
28 Feb 23₹12,811

Canara Robeco Liquid SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Canara Robeco Liquid

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Mar 23

DurationReturns
1 Month 0.5%
3 Month 1.7%
6 Month 3.3%
1 Year 5.6%
3 Year 4%
5 Year 5.1%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.9%
2021 3.2%
2020 3.7%
2019 6.4%
2018 7.4%
2017 6.5%
2016 7.5%
2015 8.2%
2014 9%
2013 9.2%
Fund Manager information for Canara Robeco Liquid
NameSinceTenure
Avnish Jain1 Apr 220.84 Yr.
Kunal Jain18 Jul 220.54 Yr.

Data below for Canara Robeco Liquid as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Cash Equivalent87.45%
Corporate6.98%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
26%₹917 Cr
182 DTB 28042023
Sovereign Bonds | -
6%₹197 Cr20,000,000
↑ 20,000,000
India (Republic of)
- | -
6%₹197 Cr20,000,000
↑ 20,000,000
Grasim Industries Limited
Debentures | -
5%₹175 Cr1,750
Power Grid Corporation Of India Limited
Debentures | -
5%₹160 Cr1,600
↑ 650
Net Receivables / (Payables)
CBLO | -
4%₹134 Cr
Reliance Retail Ventures Limited
Commercial Paper | -
3%₹100 Cr2,000
Bajaj Finance Limited
Commercial Paper | -
3%₹99 Cr2,000
↑ 2,000
91 DTB 06042023
Sovereign Bonds | -
3%₹99 Cr10,000,000
↑ 10,000,000
HDFC Bank Limited
Certificate of Deposit | -
3%₹99 Cr2,000
↑ 2,000

4. Axis Liquid Fund

To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However there can be no assurance that the investment objective of the scheme will be achieved.

Axis Liquid Fund is a Debt - Liquid Fund fund was launched on 9 Oct 09. It is a fund with Low risk and has given a CAGR/Annualized return of 7% since its launch.  Ranked 21 in Liquid Fund category.  Return for 2022 was 4.9% , 2021 was 3.3% and 2020 was 4.3% .

Below is the key information for Axis Liquid Fund

Axis Liquid Fund
Growth
Launch Date 9 Oct 09
NAV (24 Mar 23) ₹2,479.89 ↑ 0.33   (0.01 %)
Net Assets (Cr) ₹27,226 on 28 Feb 23
Category Debt - Liquid Fund
AMC Axis Asset Management Company Limited
Rating
Risk Low
Expense Ratio 0
Sharpe Ratio -0.93
Information Ratio 0
Alpha Ratio 0
Min Investment 500
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.23%
Effective Maturity 1 Month 8 Days
Modified Duration 1 Month 7 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,754
29 Feb 20₹11,434
28 Feb 21₹11,881
28 Feb 22₹12,280
28 Feb 23₹12,937

Axis Liquid Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Axis Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Mar 23

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.3%
1 Year 5.6%
3 Year 4.3%
5 Year 5.3%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.9%
2021 3.3%
2020 4.3%
2019 6.6%
2018 7.5%
2017 6.7%
2016 7.6%
2015 8.4%
2014 9.1%
2013 9.2%
Fund Manager information for Axis Liquid Fund
NameSinceTenure
Devang Shah5 Nov 1210.25 Yr.
Aditya Pagaria13 Aug 166.47 Yr.

Data below for Axis Liquid Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Cash Equivalent84.94%
Corporate8.19%
Government4.6%
Securitized0.65%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Clearing Corporation Of India Ltd
CBLO/Reverse Repo | -
22%₹6,772 Cr
Punjab National Bank
Certificate of Deposit | -
2%₹748 Cr15,000
TATA Steel Limited
Commercial Paper | -
2%₹747 Cr15,000
Aditya Birla Finance Limited
Commercial Paper | -
2%₹746 Cr15,000
182 DTB 28042023
Sovereign Bonds | -
2%₹740 Cr75,000,000
↑ 75,000,000
Hindustan Zinc Limited
Commercial Paper | -
2%₹596 Cr12,000
↑ 12,000
91 DTB 16032023
Sovereign Bonds | -
2%₹572 Cr57,500,000
↓ -40,000,000
HDFC Bank Limited
Certificate of Deposit | -
2%₹544 Cr11,000
Reliance Industries Limited
CBLO/Reverse Repo | -
2%₹500 Cr
National Bank For Agriculture And Rural Development
Commercial Paper | -
2%₹499 Cr10,000

5. PGIM India Insta Cash Fund

(Erstwhile DHFL Pramerica Insta Cash Plus Fund)

To generate steady returns along with high liquidity by investing in a portfolio of short-term, high quality money market and debt instruments.

PGIM India Insta Cash Fund is a Debt - Liquid Fund fund was launched on 5 Sep 07. It is a fund with Low risk and has given a CAGR/Annualized return of 7.1% since its launch.  Ranked 4 in Liquid Fund category.  Return for 2022 was 4.8% , 2021 was 3.3% and 2020 was 4.2% .

Below is the key information for PGIM India Insta Cash Fund

PGIM India Insta Cash Fund
Growth
Launch Date 5 Sep 07
NAV (24 Mar 23) ₹290.272 ↑ 0.04   (0.01 %)
Net Assets (Cr) ₹810 on 28 Feb 23
Category Debt - Liquid Fund
AMC Pramerica Asset Managers Private Limited
Rating
Risk Low
Expense Ratio 0
Sharpe Ratio -1.75
Information Ratio -5.39
Alpha Ratio -0.22
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.94%
Effective Maturity 22 Days
Modified Duration 19 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,757
29 Feb 20₹11,440
28 Feb 21₹11,879
28 Feb 22₹12,276
28 Feb 23₹12,925

PGIM India Insta Cash Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for PGIM India Insta Cash Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Mar 23

DurationReturns
1 Month 0.5%
3 Month 1.7%
6 Month 3.2%
1 Year 5.5%
3 Year 4.3%
5 Year 5.3%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.8%
2021 3.3%
2020 4.2%
2019 6.7%
2018 7.4%
2017 6.7%
2016 7.7%
2015 8.4%
2014 9.1%
2013 9.1%
Fund Manager information for PGIM India Insta Cash Fund
NameSinceTenure
Bhupesh Kalyani13 Sep 220.39 Yr.
Puneet Pal16 Jul 220.55 Yr.

Data below for PGIM India Insta Cash Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Cash Equivalent84.75%
Government8.79%
Corporate6.46%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Clearing Corporation Of India Ltd.
CBLO | -
27%₹201 Cr
Net Receivables / (Payables)
CBLO | -
9%-₹69 Cr
Redington Limited ** ^
Net Current Assets | -
7%₹50 Cr5,000,000
↑ 5,000,000
91 DTB 16032023
Sovereign Bonds | -
5%₹40 Cr4,000,000
Axis Securities Limited
Commercial Paper | -
5%₹35 Cr3,500,000
Grasim Industries Limited
Debentures | -
4%₹30 Cr3,000,000
Axis Bank Limited
Certificate of Deposit | -
4%₹29 Cr2,900,000
08.39 RJ UDAY 2023
Domestic Bonds | -
4%₹27 Cr2,700,000
Reliance Industries Limited
Debentures | -
3%₹25 Cr2,500,000
Chennai Petroleum Corporation Ltd.
Debentures | -
3%₹25 Cr2,500,000
↑ 2,500,000

Frequently Asked Questions

1. How can I choose the best fund?

A. The investment choice is based upon a variety of factors, like the fund managers, historical returns, fees and loads, investment style, investment objective, investment horizon and more. Thus, to pick the best fund, make sure you analyze every important Factor cautiously before moving ahead.

2. What is the appropriate investment type that has the lowest risk?

A. Because of the unpredictable situation of the Economy and the availability of varying investment options, it is quite difficult to evaluate a safe option. However, some of the options that you can consider include bank fixed deposits, municipal bonds, certificate of deposits, and more.

3. What is the use of a mutual fund calculator?

A. The mutual fund calculator offers an investment value at maturity by evaluating the returns according to the investment horizon. You can set different variables of the calculator, like duration, anticipated return rate, frequency, investment amount and more to figure out your benefits.

4. How much can I invest?

A. The amount mainly depends upon your requirements, budget and objectives of the investment. However, keep in mind that you only invest the surplus money, irrespective of the amount.

5. Is there a right time to invest?

A. There is no right time to invest. For better and best returns, it is recommended that you should start investing right away.

6. Do I need a bank account to invest in mutual funds?

A. Yes, it is necessary to have a bank account with KYC/cKYC, aadhaar card and PAN Card to invest in mutual funds.

7. Is it necessary to contact a fund manager?

A. Yes! When investing in mutual funds, experience plays a major role so as to generate good performance. The more the experience, the better will be the possibility of gaining the best returns. Thus, make sure that you get in touch with an experienced fund manager.

8. Can I withdraw my invested money?

A. Most of the schemes in a mutual fund are open-end schemes. This allows you to withdraw the entire invested amount at any point in time. However, there could be a few situations where you may experience restrictions.

9. Would I have to pay any penalty if I withdraw early?

A. If you have invested in open-end schemes, you may not have to pay the penalty. However, some schemes might not be as liquid as the others. So, you will have to re-check this factor before investing.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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Sanjoy Kumar Pal, posted on 6 Nov 20 9:39 PM

Very Good

prateek, posted on 10 Apr 20 4:45 PM

good information on funds. appreciated!!!

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