Q: Hi, I have a question about Liquid Funds. How safe is it to invest significant amount of money (say around 10 lakhs) in Liquid Funds compared to savings bank deposit? What factors should be considered in choosing a Liquid Fund? Can you advise on which liquid funds are the safest to consider?
A: Liquid funds are safe and offer higher returns than savings account. Choose one from HDFC or ICICI MF. Also follow moneylife regularly to know more about mutual funds.
A: Liquid funds are safe and offer higher returns than savings account. Choose one from HDFC or ICICI MF. Also follow moneylife regularly to know more about mutual funds.
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