How ICICI Liquid Fund is Shaping a Better Future?
ICICI Liquid Fund is a modern-day tool to employ your surplus funds in a meaningful venture. This fund, a product of one of the largest fund houses in India ICICI Mutual Fund, is one of the top choices made at MySIPonline by all those who want better returns and progress. Till now, banks and post offices were the only resort available to make your idle money work for you. But, thanks to the rapid modernising world that the options have grown multitude. Now, you don’t need to make yourself confined to the conventional routes, as there are much better opportunities available with ICICI Prudential Liquid Fund.
At MySIPonline, we attend queries of an enormous amount of people, all pointing towards the main question – how to make better wealth at a calculated risk exposure? Till date, we have helped countless number of people in planning their investments no matter how complex their situations were. One of the main reasons for our successful guidance is the kind of staff we cater and the level of knowledge that they possess. It is a result of the honest efforts of our research and assistance team that we are able to find the best funds that are topping the charts currently, plus those which are likely to hit the sky in the near future.
ICICI Liquid Fund is one of those schemes that MySIPonline has kept it in its special recommendations book. The fund has a unique approach towards investment and basks in the glory of being an offspring of the renowned asset management company, ICICI Prudential Mutual Fund Growth. There are lot of reasons attached to this fund house, which makes it a deserving addition to your portfolio. Plus, the three star rating from CRISIL has added to the charm and has made it a quite reasonable bet to invest in ICICI prudential Liquid Fund.
ICICI Liquid prudetial Fund – The Preface
Liquid funds are the advanced successors of the old school bank accounts and post office savings account. They are the much improved versions and much necessary platform for today’s generation of investors, which helps them to earn better and live better. However, the market being a labyrinth of investment options, it is reasonably difficult to find the most appropriate fund attuned to your needs that can serve you in the best manner possible.
ICICI Pru Liquid Fund – Regular Plan Growth is one of such funds that doesn’t require a second thought before investing in it. It is a tried and tested method of earning money through surplus money, which has been providing successful results since 2005. The fund was started with an aim to provide reasonable returns while maintaining adequate liquidity at the same time. To achieve this, the fund managers have set the design of the portfolio in a way that almost 80 percent of the corpus is devoted to money market instruments, while the rest of the space is reserved for high quality debt instruments. This, however, is subject to change as per the market requirements.
ICICI Liquid Fund Growth – The Investment Details
There is a lot of information that you ought to know before you plan an investment in any fund, precisely when it is for a short-term plan. ICICI Prudential Liquid Fund offers some of the best advantages in the mutual fund kingdom, and the following information will come in very handy to capture those advantages in your portfolio: -
- The Cost of Investment
The cost of investment or simply the NAV is the cost per unit that a person has to pay for acquiring a unit in any scheme. The NAV of ICICI Liquid Fund – Regular Plan Growth stood at Rs. 262.214 after gaining by 0.02% in value, as on 26th July, 2018. The price for this fund is quite modest, so it will be apt to start an investment in the fund at the earliest. - The Fund Size
The amount of assets that the fund is handling has a direct connection between the fund and its goodwill in the market. If a fund takes care of larger amounts of assets, then it definitely owns a dominating position in the market over other small or medium-sized funds. Further, the large size of the assets enable the fund to take reasonable steps for betterment of the overall performance quality, for which the financial constraint never becomes a problem. The corpus handled by ICICI Liquid Fund Growth is humongous. The fund has been gaining lot of attention from the market and has been homing a horde of investors, every year. As a result, its corpus has grown to Rs. 47, 395 crore as recorded on 30th June, 2018. With this size, the fund stands as one of the largest funds in the Indian mutual fund industry. - The Pathway
A few years ago, mutual fund investment used to be a tedious and hazardous job. But with the massive improvisations brought in by the modern-day technology – internet – and the reforms executed by the fund houses, mutual fund investing today has become as easy as purchasing flight tickets online. Now, with the power of the internet technology and the easy investment portal MySIPonline, you can plan an investment in ICICI Liquid Fund Growth in no time and enjoy wonderful returns.
The best part of investing with MySIPonline is that besides top suggestions, you are offered cutting-edge tools laced with latest technological updates, such as the SIP Calculator – a device for calculating the future value of your investment at different point of time; the Tax Calculator that lets you make computations of your tax liability as per the latest amended tax laws; and then there is the personalised digital dashboard where you can keep a daily track on your investments. Hence, an SIP plan in ICICI Prudential Liquid Fund with MySIPonline will thrust your return earning process and polish your chances of scoring success.
ICICI Liquid Fund – The Trivia
One of the most painful things while investing in mutual funds is to face the exit load charges. No matter how grave the reason might be, the AMC do not allow a premature redemption from their schemes. The defaulters face a penalty that varies from case to case, but mostly sticks to 1% of the redemption amount.
The good news for those who are aspiring to invest in ICICI Liquid Fund is that there is no exit load planted by this scheme. Hence, there will be no charges if you wish to withdraw your funds earlier than a period of 365 days or other period, as the case may be.
Hence, if you wish to make the most out of your surplus money and do not want to get it eroded in a bank or post office, then it is highly recommended that you plan to invest in ICICI Liquid Fund – Regular Plan. Since the fund has given returns as high 8.07% against the ugly returns of 4-5% earned conventionally, it will be a great addition to your portfolio. So, log on to MySIPonline today, and start building a profitable future!
