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These 2 Top-Ranked Liquid Funds Are Good To Start SIP In 2022
Investing doesn't always mean for the long-term. Sometimes it is for the short term as well, that's where the Liquid Fund comes in. Liquid funds are a type of debt fund that invests in money market securities that pay a short-term fixed rate of interest. The primary goal of liquid funds is to offer investors a high level of liquidity and capital security. As a result, the fund manager invests in high-yield debt securities with a 91-day maturity. The allocations are based on the investing goal of the fund. Here, we have analyzed two Liquid Fund that is ranked 1 by CRISIL, these funds are good to start SIP.
Canara Robeca Liquid Fund- Direct plan (G)
| NAV | Fund Size | Expense Ratio |
|---|---|---|
| ₹2,534.10 | ₹ 2196.78 Cr | 0.10% |
NAV as on 28 January 2022
As it is a Liquid fund, it invests in bonds with a three-month maturity. You can expect higher returns from the fund than you would from a bank account because it is a liquid fund. The fund has a debt investment of 79.98%, with 39.12% in government securities and 40.86% in funds with extremely low-risk securities.
The fund has a low chance of losing money, but they do not guarantee returns or capital protection. There have been a few cases where liquid funds have lost money, however, these are uncommon. It is good for investors who are seeking a short-term investment option to bank accounts or deposits.
Keep in mind that these products are only designed to outperform your bank account by a small margin. They provide consistent but low yields and are not ideal for long-term wealth accumulation. The fund has been rated 5-star by CRISIL and also stated very good performance among its peers. The risk is still there, but, it is low.
Prag Parikh Liquid Fund - Direct Plan (G)
| NAV | Fund Size | Expense Ratio |
|---|---|---|
| ₹1,184.10 | ₹ 1495.49 Cr | 0.16% |
NAV as on 28 January 2022
The fund has a debt investment of 93.31%, with 91.97% in government securities and 1.34% in funds with extremely low-risk securities. Fund is ideal for storing money set aside for an emergency or surplus money that you won't need for a few weeks to a year. Investors who are seeking a short-term investment option to bank accounts or deposits can invest in this fund. You can expect higher returns than if you put your money in a bank account.
These funds have a low chance of losing money, but they do not guarantee returns or capital protection. The fund has very good performance over its peers and is rated 5 star by the CRISIL. While making the decision, keep in mind that these products are only designed to outperform your bank account by a small margin. They provide consistent but low yields and are not ideal for long-term wealth accumulation. Through sensible investments in money market and debt securities, the Fund strives to generate appropriate market-related returns with lower risk and strong liquidity.
Returns on Rs 10,000 the Investment
Canara Robeca Liquid Fund- Direct plan (G)
| Period Invested for | Absolute Returns | Annualised Returns | Category Avg |
|---|---|---|---|
| 1 Year | 3.29% | 3.29% | 3.39% |
| 2 Year | 6.96% | 3.41% | 3.68% |
| 3 Year | 13.61% | 4.34% | 4.59% |
| 5 Year | 30.07% | 5.40% | 5.53% |
| Since Inception | 81.38% | 6.78% | 6.47% |
Prag Parikh Liquid Fund - Direct plan (G)
| Period Invested for | Absolute Returns | Annualised Returns | Category Avg |
|---|---|---|---|
| 1 Year | 3.26% | 3.26% | 3.39% |
| 2 Year | 6.96% | 3.41% | 3.68% |
| 3 Year | 13.16% | 4.20% | 4.59% |
| Since Inception | 18.41% | 4.65% | 6.47% |
SIP Returns - On Rs 1000 SIP
Canara Robeca Liquid Fund- Direct plan (G)
| Period Invested for | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 1.80% | 3.32% |
| 2 Year | 3.45% | 3.28% |
| 3 Year | 5.72% | 3.64% |
| 5 Year | 12.35% | 4.59% |
Prag Parikh Liquid Fund - Direct plan (G)
| Period Invested for | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 1.77% | 3.28% |
| 2 Year | 3.41% | 3.25% |
| 3 Year | 5.65% | 3.59% |
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents along with Terms and conditions carefully before investing. The above-mentioned information is purely informational. The Greynium Information Technologies and the author are not liable for any losses caused as a result of a decision based on the article.
