Best short term mutual fund investment plan to invest in 2020

Best short term mutual fund investment plan to invest in 2020

 

What are Short Term Mutual Funds?

Short Term Mutual Funds are the open-ended mutual fund schemes that can be invested by the investor for a minimum of 15 - 91 days or maybe shorter as per investor required. However, this type of fund is best for investors who want to take a low risk and for a short time investment.

Features and Return on short team Investment

Short Term Investment options can provide high returns compared to bank deposits like a savings account. The percentage of returns in short term mutual funds maybe from 7%-10%, according to your short-term mutual fund portfolio. It has an attractive tax benefit on the overall return on investment is higher than the post-tax returns earned from other investment schemes.

Top 5 Short-Term Funds to Invest in 2019

Ultra Short Term Funds-

  1. ICICI Pru Ultra Short Term Fund Growth
  2. SBI Magnum Ultra Short Fund Growth
  3. Nippon Ultra Short Fund Growth
  4. Axis Ultra Short Fund Growth

Short Term / Low Duration Fund-

  1. ICICI Pru Short Term Fund Growth
  2. Nippon Short Term Fund Growth
  3. BOI AXA Short Term Fund Growth
  4. DSP Short Term Fund Growth
  5. Kotak Low Duration Fund
  6. L&T Low Duration Fund
  7. Nippon Low Duration Fund.  

Liquid Fund

  1. HDFC Liquid Fund Growth
  2. Mahindra Liquid Fund Growth
  3. BNP Paribas Liquid Fund Growth
  4. Franklin Liquid Fund Growth
  5. ICICI Pru Liquid Fund Growth

  If the investor wishes to invest funds for a short duration like 30 days or less then he/she can invest in Liquid Fund.