ClearTax Invest - Quick Savings Plan

Quick Savings

Debt

Growth

+ 26,862 Investors

Start your investment

Monthly

One-Time

₹

No. of years

Estimated Value

(as per historical returns)

₹1.54 Lakhs

Quick Savings

Debt

Growth

See how ₹1,50,000 grew over last 5 years

5Y return

5.37%

Most convenient & rewarding way to save money!

Ideal choice to park your money, earning you higher returns compared to any other Savings bank account. Now, save money like a Pro!

No lock-in period

Redeem the full amount in 30 minutes!

Convenient to use

Simple & effective - Works just like your Savings bank account

Funds in this plan

FUND

Return
3 Year Average

Return
5 Year Average

ICICI Prudential Liquid Fund - Direct Plan - Growth
Liquid
4.13%
5.37%

Plan Summary

Average returns of plans

Period	Returns (per year)
	6.82%
	2.06%
1 Year	3.81%
5 Years	5.37%
3 Years	4.13%

This plan invests in

AAA Rated Debt: 97.82%
AA/AA+ Rated Debt: 0.22%
Cash: 0.7%
Other: 1.29%

Why should you invest in these funds?

ICICI Prudential comes with low risk levels while providing a high level of liquidity.
The fund has beaten the benchmark with higher returns over 10 year period.

Fund Summary

Period	Returns (per year)
	6.82%
	0.4%
	3.73%
	5.37%
	4.14%
	2.06%
	0.1%
	0.01%
1 Year	3.81%
	1.2%
	1.99%
	1.08%
	0.78%
5 Years	5.37%
3 Years	4.13%
	6.82%

Fund Details
ISIN	INF109K01Q49
Risk	Moderate Risk
Fund Type	Money Market
NAV	Rs. 320.19
AUM	384043122810 (As on Jan 31, 2018)
Expense Ratio	0.2
Exit Load	0.0045% for 6 days (Redemption within 365 days)

Customer Reviews

" Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "
HarishIT 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. "
PrateekSoftware Engineer, Indore
" Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "
RahulCampus Manager, Bangalore

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

Other Recommended Plans

Grow Rich

12.48%5Y Return

Best suited for high returns in long-term
Suggest investing for 5 or more Years

Benefits

High returns, balanced risk
Expertly chosen funds
Invest consistently to grow wealth

Funds in the basket

Save Taxes

12.02%5Y Return

Lowest Lock-In Period of 3 Years
Suggested investing for 5 or more Year

Benefits

Invest any amount
Reduce Tax upto Rs. 46,800
Shortest lock-in: 3 Years
Earn more than PPF, Tax FD

Funds in the basket

Frequently Asked Questions

What are liquid funds?
Liquid funds is a type of mutual funds which have a very short maturity period, not more than 91 days. The shorter maturity period, makes it almost a risk-free investment. Investing in mutual funds will give you higher returns as compared to a savings account which generally offer interests below 4%. At the same time, you can get your money out of liquid funds any time without any penalty or cost.
What is recommended investment duration?
It is the suggested period for which one should invest in a mutual fund. It does not mean that the money will be locked-in for that period. While the investor can withdraw the money anytime before, it is advisable to stay invested for the suggested period to reap the best benefits (returns).
What are annualized returns?
The return for a period more than 1 year is annualized. For instance, a 3-Year Return (annualized) of 18% means the fund gave 18% return each year, on an average, for the last 3 years. An initial investment of Rs 1000 would have grow into: Rs 1000*1.18*1.18*1.18 = Rs 1643 in 3 years.
What is a lock-in period?
It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options.
Should I choose Monthly SIP or One time investment?
An SIP allows you to invest a fixed sum regularly in mutual fund(s) of your choice. A one-time investment is when you invest on-time in bulk in mutual fund(s). SIP comes with few advantages: It allows you to invest small amount every month without the stress of paying in bulk. Investing all through the year averages the cost of investing - you don?t end up paying too much per unit of mutual fund. Gives you financial discipline
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