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Parking your surplus money for a very short time-frame in liquid funds may seem like a good idea as they offer relatively better returns than a current account.
Liquid schemes were the obvious choice for weekend parking. They used to generate significantly higher returns— around 7%—compared to 0% given by the current accounts.
Liquid funds invest only in debt securities with a residual maturity of less than or equal to 91 days. The lower maturity mitigates interest rate risk,…Continue
Posted on October 10, 2019 at 1:45pm