ICICI Prudential Liquid Fund - The Best Gift Your Money Can Buy

Money is an essential resource to survive on this planet. Without it, you won’t be able to do any of the necessary things required in the daily life. Though harsh but it’s the reality. So how to make more money? Obviously some of you must be having thriving businesses or well-paid jobs, but mind it that the future is uncertain and if the time may come, you might have to deal with desperate situations. This calls for having an alternate source of income. Investing in ICICI Prudential Liquid Fund is one of the best contemporary methods of diversifying your source of income and thus, one of the most effective way of securing your future. The practice of pouring all the money into bank accounts and fixed deposits was quite prevalent in the not very distant past. People used to consider this as the best option of earning an extra buck on their money, and indeed it was because of the lack of other better paying options. But today, parking the surplus money in the savings account or fixed deposits cannot be looked upon as a wise choice. In fact, they shall be considered only when the world runs out of smart saving schemes such Liquid Funds, which isn’t going to happen in the next few centuries. Now for those who have been relying on their bank deposits for years might find this information rather uncomfortable, but there are plenty of proofs in this article to show that these conventional options are no more a considerable option for earning a good yield. So, read and find out why is it that you should invest your money in one of the best Liquid fund of the modern epoch. The Preface ICICI Prudential Liquid Fund (G) is a powerful substitute to the old and primitive options of laying your surplus fund, viz. saving bank accounts and fixed deposits. It has a bright history of providing the investors with handsome rewards and an even brighter future for prospective investors due to its increasing size and popularity. As of 30th April, 2018 it became the largest fund in the category of Liquid Funds with an asset size of Rs. 39, 256 crore. It has been ranked as the best Liquid fund in the market by numerous agencies and has been awarded 3 stars by CRISIL. It further stays amongst the top five funds in the category in terms of the yield secured in the past five years. The Advantages of Investing

1. Pays Better Rewards An investment in the bank account yields utmost 4-5%. The fixed deposits yield somewhat the same returns. However, best liquid funds such as ICICI Liquid Fund have given returns up to 8.04% in the last five years and the annual yield till date is 7.89%. This is as much as double of what the conventional routes have been paying the investors.
2. No Lock-in One of the best feature of this fund is that it doesn’t carry any lock-in period, which means that you can stay invested as long as 3 years or as short as 3 months. This allows the investors to plan and achieve their short-term objectives seamlessly.
3. No Exit Charge This feature is an extension of the absence of any lock-in period. The concept of lock-in is that the investor cannot have his/her funds withdrawn before the completion of the stipulated time period, which in most cases is 1 year and in case of ELSS fund is 3 years. If withdrawn before, the person becomes liable to pay a charge on the value of the investment which is called exit load. ICICI Prudential Liquid Fund doesn’t have any exit charge and thus one can choose it to have his short-term needs fulfilled.
4. Less Risky Debt funds are considerably less risky than their aggressive opponent, Equity. Liquid funds being one of the branches of Debt funds are bestowed with the virtue of having less risks. This makes an investment in Liquid funds all the more attractive. Thus, an investment in ICICI Liquid Fund is not only lucrative, but much guarded against the outside forces which makes it a perfect investment choice.

ICICI Liquid Fund (G) is one of the most decorated funds of the Indian market, plus contains all the features that a well-devised Liquid fund would contain. Hence, planting your surplus cash into this fund instead of letting it rest in the conventional modes will certainly open more doors to success. The article gives an overview of ICICI Prudential Liquid Fund and describes the benefits of investing in it.