We are always keen to get higher returns on our investments. However, many times, we end up parking our money in the savings accounts. Have you given a thought to why not think of investing your money where it will fetch higher returns! You can select the liquid funds as an investment option and make the most of these funds.
What is liquid fund ?
Liquid funds are a debt fund mutual scheme. If seen from the volatile point of view, it is considered as a safe option. Many of us wish to earn a lot of money with fast and easy returns. Thus, instead of investing your money in savings accounts, use this option. This scheme is known as an investment tool to earn interest or returns. Liquid mutual funds have left saving banks and fixed deposits behind. It has become a popular alternative and is also considered as an easy and safe investment option.
Let’s see how these funds are more beneficial than saving banks account-
In saving accounts, you must be earning 4% or 5% returns that can go up to 6% on the highest side. However, it is not the same in the case of the liquid fund. The Liquid mutual funds deliver the returns of 8-9% annually. Isn’t this a great thing! In spite of offering better returns as compared to savings and fixed deposits, they provide you with the same liquidity.
Here are some benefits–
- These funds do not have a lock-in period. It doesn’t have any entry/ exit load.
- Returns are available on the same day, e., you can withdraw money from these funds within minutes. You are allowed to withdraw up to Rs, 50,000 instantly.
- The earnings which are received through the dividends are completely tax-free.
- They offer you the flexibility between dividend or growth payout.
- When you feel that the valuations are right, you can also transfer these to equity funds.
- These funds are considered as less risky and less volatile because they are highly rated funds.
- They allow you to invest for a shorter period with maturities that do not exceed 91 days.
- The NAV (Net Asset Value) of these funds is calculated for 365 days as compared to the other debt funds where NAV is calculated only for the business days.
With the interest rates and tax benefits, liquid funds are anytime more beneficial for the investors as compared to the traditional investment options like savings accounts and fixed deposits. Additionally, liquidity plays a vital role as in case of a sudden rise in expenses or any unexpected outflows; the liquidity margin can always come handy.
The word “cryptocurrencies” is becoming harder and harder to avoid with each passing day. It seems like people can’t stop hearing about them no matter what they do or where they go these days. If you’re familiar with cryptocurrencies or “cryptos,” then you’re in many ways ahead of the rest of the pack at the moment. People who want to focus on cryptocurrency investments nowadays have a lot to handle. That is the reason that it can help so much to invest in a handy crypto portfolio tracker. If you want to track cryptos of all kinds with ease and confidence, then the assistance of a tried and true tracker can go an incredibly long way, to say the least. It is critical to assess all tracker options with care and enthusiasm. All trackers are different and offer their own distinctive uses.
People who are part of our modern society appreciate convenience and efficiency. There is truly no denying that. They love being able to multitask and take care of numerous different tasks all at the same time. If you are interested in a cryptocurrency portfolio tracker that is the dictionary definition of convenient, you should find an available app that gives you the chance to handle investments simultaneously. It can be immensely convenient and hassle-free to be able to take on investments without having to go anywhere new. There are trackers that give people the power to manage upward of 25 cryptos without having to go anywhere else. This can save people a lot of important time. It can save them a lot of essential energy as well. This is indispensable in the fast-paced crypto scene.
The Handling of Numerous Cryptos
If you take the time to find and employ the ideal app, that can open you up to an array of wonderful and undeniable boons. There are crypto apps that help individuals who wish to safeguard numerous cryptocurrencies simultaneously. They help people who wish to safeguard them within single digital components. It can be wise to search for apps that help people who want to find out about price elements for cryptos all of the time. It can be a hassle to have to set up a wallet that is brand new. It can be a hassle to have to take care of individual keys frequently. It can be annoying to have no choice but to learn how to purchase cryptos via exchanges. People can get all set up with the assistance of convenient apps. They can handle any and all of their investments for United States dollars or bitcoin. They can then opt to take everything out and transfer them over to their desired financial institutions. They can opt for different extraction methods if they so desire as well. Helpful apps supply users with senses of convenience and freedom. Widely known options in cryptos that are out there right now are augur, bitcoin, litecoin, ripple, status and verge.… Read more ...
No matter who you are and where you live, it’s important to have a plan in place to cover $1000 – $2000 worth of emergency expenses at any given time. You may be thinking that this doesn’t apply to you because you just can’t afford to have that much savings on hand or because you currently have to pay off debt, but it’s still wise to work at making it happen.
If you live paycheck to paycheck and don’t build up a fund for emergency expenses, you may find yourself stuck in a tight spot. For example, if you get ill and have to take time off from work, you won’t be able to pay your bills. And even if you rarely get sick, an emergency could happen. Maybe your car gets hit and the insurance won’t cover it, or maybe you’re unexpectedly laid off, and unemployment isn’t enough to cover your normal cost of living.
So, the first place to start is to consider saving money by regularly making deposits into a savings account. It doesn’t have to be an astronomical amount, but if you can set aside even $25 per week, you’ll build up funds before too long. Most people can afford that even if they’re on a tight budget; you just need to assess your “extras” and cut back a little bit, like maybe one less time of eating out per week.
If saving money and putting it into an account isn’t an option, there are other ways you can build up an emergency fund. You can consider borrowing money from others. It may be through a business lender such as a bank or from easy cash loans to apply for provided by private lenders. In that case, you can borrow the amount that you need and then pay it back at a fixed rate that you can afford.
There are two possible paths forward from this juncture. One is to borrow the money up front to build your stash and then budget the repayment amount without taking away from your savings. Or, you can wait until an emergency arises before borrowing money, and pay it back after that.
There are pros and cons to each of these. In the first approach, you incur a debt that needs to be repaid before the funds are even needed, but it’s a short-term debt, and once it is repaid, you’ll still have the emergency funds available to you. In addition, if an emergency hits, you won’t need to scramble to find the money to handle expenses.
With the second approach, you don’t incur the debt until the money is actually needed, but it can be a hassle if you’re short of cash and the process is delayed. If you find that borrowing funds isn’t working out, you’ll be facing a new dilemma.
Another option to consider is making quick cash via selling items through sites such as eBay and Facebook. You can sell items you have around the house … Read more ...