Choosing Liquid Mutual Funds Vs. Savings Accounts


The reason why liquid funding is so much more popular is simple: liquid funds are less expensive.

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The popularity of liquid funds is dwindling rapidly. With the recent economic problems, more people are resorting to the option of liquid funds over savings accounts. It’s no wonder. Let’s check how.

LIQUID FUNDS ARE:

  • Short-Term Investment Instruments

Liquid mutual funds provide a relatively secure way of getting a large amount of money in a short period of time. For many, having a savings account is an important part of living on a tight budget because it offers the necessary money to pay for necessities. On the other hand, liquid funds are easy to get access to - you just need to have liquid cash available when you need it.

  • Comparatively Lesser Expensive

The reason why liquid funding is so much more popular is simple: liquid funds are less expensive. Savings accounts may propose higher interest rates and may be a good way to build your emergency fund, but you can expect to quickly pay that money back. On the other hand, Liquid funds come with lower rates and fees, making them the obvious choice when saving money for a rainy day.

  • Capable of Tax-Savings

When you invest in mutual funds online, it gives you the benefit of tax deferment, so you can save more tax for investing and gain even more tax relief at the end of the year. Liquid funds are also much easier to manage as they are managed by a professional investor who has expertise and experience in the particular instrument you want to invest in. Liquid funds ask you to be aware of fund operations and their rules and regulations so that you may play while keeping a safe hand.

  • Great at Offering Higher ROIs

Most people, however, prefer liquid mutual funds, as there are many advantages to investing in them. There is less commission paid out to the fund manager for liquid funds, and so they offer you a higher rate of return on your investment. Because they are liquid-able, you can access them easily, and there are fewer costs involved in trading for these types of funds. 

  • Are Easy to Withdraw Take Out

Liquid funds are the ones that can be easily withdrawn or taken out. Savings accounts cannot be easily taken out because the owner will have to dip into his savings before he can have his hands on his money. On the other hand, with liquid investments, the account owner will see immediate results and benefits.

There is also the option of a rollover account, which allows a person to take his money out of the current account and deposit it into another account. This is better than the conventional saving account, where you keep your money in the bank and do not have the privilege to pull money from it. The latter also allows for more deductions. With these kinds of accounts, the owner will only see his gains and not his losses.

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