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Ultra short-term funds are a type of mutual funds that invest in fixed-income instruments which are mostly liquid and have short-term maturities. Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month and earn interest at the rate applicable to Fixed Deposits. Investing in ultra-short debt funds are a good mutual plan investment as it offers best and more returns than recurring deposits. These funds offer 9 – 12% returns while recurring deposits give 5 to 6% of returns. However, there are moderate risks associated with ultra-short term funds. So you need to do some research and then invest your money in it. These are the best ultra-short debt funds in India:<br>Indiabulls ultra-short term debt funds<br>ICICI PRUDENTIAL FLEXIBLE INCOME PLAN<br>HDFC FLOATING RATE INCOME FUND–ST PLAN<br>ADITYA BIRLA SL SAVINGS FUND<br>FRANKLIN INDIA ULTRA SHORT BOND F<br>Visit their websites and invest accordingly.<br>
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Company overview • Indiabulls Housing Finance Limited as it’s Sponsor and Indiabulls Trustee Company Ltd as its Trustee. • The company is focused on providing multiple financial services through an extensive network of consumer touch-points. Indiabulls serves more than 9,20,000 customers across different financial products through its branch network, call centre & the internet. • A mutual fund is an investment vehicle, which pools money from investors with common investment objectives. It then invests their money in multiple assets, in accordance with the stated objective of the scheme. The investments are made by an ‘asset management company’ or AMC.
Are mutual funds good choice for ultra-short term over recurring deposit? • Ultra short-term fundsare a type of mutual funds that invest in fixed-income instruments which are mostly liquid and have short-term maturities. Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month and earn interest at the rate applicable to Fixed Deposits. • Investing in ultra-short debt funds are a good mutual plan investment as it offers best and more returns than recurring deposits. These funds offer 9 – 12% returns while recurring deposits give 5 to 6% of returns. However, there are moderate risks associated with ultra-short term funds. So you need to do some research and then invest your money in it.
Are mutual funds good choice for ultra-short term over recurring deposit? • These are the best ultra-short debt funds in India: • Indiabulls ultra-short term debt funds • ICICI PRUDENTIAL FLEXIBLE INCOME PLAN • HDFC FLOATING RATE INCOME FUND–ST PLAN • ADITYA BIRLA SL SAVINGS FUND • FRANKLIN INDIA ULTRA SHORT BOND FUND • Visit their websites and invest accordingly.
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