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Debt Mutual Funds
Template:Alpbhabets
Debt fund for 6 to 8 month investing
Is there any exit load on ultra short term debt funds and liquid funds? Which one is better for 6-8 months duration?
Most Liquid funds do not have an exit load while Ultra Short term funds will have a 60-day load.
Since you investment horizon is for 6 to 8 months, and if you are prepared to take some debt fund risks, you could try short term funds that do not have any exit load or those that have smaller exit load.
For instance, BOI AXA Short Term Income Fund is a good fund in this category and has a 180-day load.
Franklin India Low Duration Fund has a load for 90-days
Reliance Floating Rate Fund - Short Term Plan is another plan worth trying. It carries a load for 30-days.
If, however, you wish to invest in Liquid funds only, study Indiabulls Liquid Fund, JM High Liquidity Fund and Reliance Liquid Fund - Cash Plan
Some good funds in the Ultra-Short term pack are Baroda Pioneer Treasury Advantage Fund, Birla Sun Life Cash Manager and BOI AXA Treasury Advantage Fund.
Invest on your own from the AMC website under DIRECT plan - GROWTH option.
- Date: Feb 21, 2017