How Liquid Is Reliance Liquid Fund?

What is it that comes to your mind when you hear the word “Liquid”? In general terms, something which is free flowing and whose volume remains constant can be termed as liquid. When we talk about liquid in context with mutual funds, they are defined as those funds that offer a chance to investors to redeem their money freely as per their will. Such schemes are a good investment option for conservative investors who are reluctant to lock in their money, wants accessibility all the time, and are in no mood to take risk. Introducing Reliance Liquid Fund In the field of mutual fund, sprouted a scheme named Reliance Liquid Fund - Treasury Plan by Reliance Mutual Fund on December 09th, 2003 which is currently known as Reliance Liquid Fund. It gives investors high liquidity benefit along with optimum returns by investing the assets in various debt and money market instruments. The maturity period of these instruments is 91 days with average maturity duration lying between 30 to 60 days under normal market conditions. This scheme is open for subscription and redemption on every business day on a continuous basis. According to SEBI, after receiving a valid redemption request, the proceeds will be distributed within a period of 10 days, interest of 15% per annum or as prescribed by SEBI will be payable on it, in case the amount does not reach the investor from the date of receipt of valid redemption request. In normal circumstances, the MF will endeavor to provide the proceeds within 3 to 4 days from the acceptance of the request. It provides an insta-redemption facility with the help of which you may withdraw up to a maximum of 90% or Rs. 50,000 whichever is lower within 30 minutes. With the help of ‘Any Time Money Card’ by Reliance Mutual Fund, you may withdraw Rs. 50,000 or 50% of the redeemable amount whichever is lower by VISA enabled ATM. Some More Facts About Reliance Liquid Fund Growth This fund is managed and handled by Ms. Anju Chhajer since October 2013 who is a Chartered Accountant and is also looking after many other schemes by Reliance Mutual Fund simultaneously. The assets under management as on June 30th, 2018 was Rs. 39634 crores out of which investment made in AAA/SOV/A1+/Cash & Other Receivables was 99.05%, in AA rated bonds was 0.84%, and in AA+ rated bonds was 0.10%, respectively. The top ten companies in which it has invested majorly are Union Bank of India (Fixed Deposits), Reserve Bank of India 91-D 06/09/2018 (Treasury Bills), National Bank Agr. Rur. Devp 62-D 02/08/2018 (Commercial Paper), HDFC 76-D 11/09/2018 (Commercial Paper), Axis Bank 2018 (Certificate of Deposit), HDFC 91-D 24/07/2018 (Commercial Paper), Deutsche Bank (Fixed Deposits), Axis Bank 2018 (Certificate of Deposit), HDFC 85-D 07/09/2018 (Commercial Paper), and National Bank Agr. Rur. Devp 91-D 16/07/2018 (Commercial Paper) with the assets allocated in them being 5.05%, 2.74%, 2.49%, 2.49%, 2.49%, 2.44%, 2.02%, 1.86%, 1.74%, and 1.52%, respectively. Reliance Liquid Fund NAV as on July 26th, 2018 was Rs. 4318.7509. You may start investing in this liquid fund with a minimum amount of Rs. 100 without worrying about any entry or exit load. This scheme under normal market conditions yield reasonable returns (Currently approx. 7%) and is thus a great alternative to regular Savings Bank Account (3% - 4%). The principal amount invested in this scheme is under low risk. People who are interested to direct their money in it may either invest online or through offline mode as suitable to them. Don’t forget to consult a financial expert before finalizing the decision regarding your hard earned money. rnThis article describe all about Reliance Liquid Fund by Reliance Mutual Fund.