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Liquid fund is a classification of mutual fund which puts principally in money market instruments like commercial papers, certificate of deposits, term deposits and treasury bills.
Liquid funds have a lower maturity period normally under 91 days, there is no lock in period under this liquid funds.
In the event that you need to contribute for here and now period, by and large we put resources into liquid funds or fixed deposits. Do you realize that liquid mutual funds score high contrasting with bank fixed deposits and would procure you higher returns on the off chance that you can design and contribute astutely. I planned to purchase a property over the most recent a half year. I needed to stop my cash for 3 to a half year length for this unique objective. I didn’t know when I would require cash. I stopped cash in liquid funds and as of late when I recovered, I got higher returns contrasted with fixed deposits.
Liquid funds are dealt with like other debt funds for taxation reason. In the event that you hold the fund for under 3 years, at that point it is considered as Short Term Capital Gain (STCG). Be that as it may, on the off chance that you are holding for over 3 years, at that point it is considered as Long Term Capital Gain (LTCG).
Short Term Capital Gain Tax for Debt Funds as per your tax slab.
Long Term Capital Gain Tax For Debt Funds Taxed at 20% with indexation advantage.
Liquid Funds Vs Fixed Deposits which one is better based on returns?
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