IIFL Liquid Fund Regular Growth
Start your investment
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Exit Load||0.007% for 1 Days|
More about this fund
|91 DTB 12112020||29.64%|
|91 DTB 14012021||29.48%|
About IIFL Liquid Fund
The IIFL Liquid Fund is an open-ended liquid scheme. It seeks to provide liquidity with reasonable returns commensurate with low-risk by investing in a portfolio of debt securities and money market instruments, with a residual maturity of up to 91 days.
Pros & Cons of IIFL Liquid Fund
- This scheme is suitable for investors seeking income over a short-term investment horizon.
- As on September 30, 2018, the scheme is ranked 3 under CRISIL’s Liquid Fund category.
- Further, it has generated returns of 7.27% per year over the last 5 years (as on January 11, 2019).
Fund Information and Statistics of IIFL Liquid Fund
i) Inception / Launch Date
The scheme was launched on 13 November 2013 by IIFL Mutual Fund.
ii) Risk Level
According to the investment objective and asset allocation of the scheme, it has a Low risk-level associated with it.
The minimum redemption amount is the lower of Rs. 1,000 and the account balance. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
iv) Fund Manager(s)
Mr. Ankur Parekh is the Fund Manager of the IIFL Liquid Fund since March 08, 2017.
v) Entry / Exit Load
There is no entry load or exit load in this scheme.
Tax benefits of investing in IIFL Liquid Fund
The following taxes are applicable to income arising from investing in this scheme:
- STCG from the debt component is added to the investor’s income and taxed as per the income-tax slab.
- LTCG component is taxed at 20% with indexation benefits.
About IIFL Mutual Fund
IIFL Mutual Fund is managed by IIFL Asset Management. The fund house focuses on high-conviction investment ideas and follows a disciplined and active management approach to tap into the potential of the Indian market for long-term growth. The fund house follows an investment policy of endeavoring to achieve growth at reasonable prices and discovering unique investment opportunities.
" Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "IT Developer, Bangalore
" I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "Software Engineer, Indore
" Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "Campus Manager, Bangalore
Invest Now in 3 Easy Steps
Why ClearTax Invest?
- Our experts do all the research and offer only the BEST mutual funds
- Trusted by Over 25 Lakh Indians
- Invest in just 5 minutes
- No paperwork required
- Simple and easy to use
Frequently Asked Questions
- Read More
Start your investment
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns