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Debt mutual funds outperformed fixed deposits, emphasizing the importance of considering risk profile and investment goals. The strategy involves focusing on short-term funds and excluding target maturity funds.
Assets under management (AUM) of arbitrage funds doubled to ₹1.74 lakh crore since March 2023. As per Value Research data, this category has returned 7.1% over the last one year, compared with overnight funds that returned 6.60% and liquid funds 7.02%.
Financial Literacy News: Many investors tend to keep money idle in savings bank accounts to meet near-term goals like paying school /college fees, vacation, or buying electron
Although equity markets are open on January 20, mutual funds have maintained it as non-business day. Even if Net Asset Values are declared today, Saturday, investors’ transactions will happen at NAVs declared on the next business day – Tuesday for all funds and Monday for liquid and overnight funds.
Many liquid and overnight mutual fund schemes give back your money within a few seconds, if they offer the Instant Access Facility or Instant Redemption facility. This helps if you need urgent cash and it’s a weekend or a public holiday. This facility is only available with liquid and overnight mutual fund schemes, as per SEBI rules