Yes, you heard that right! For those of you looking for a low-risk high return alternative for investing your idle money, you have the option to invest in Liquid Mutual Funds through FreeCharge.
Liquid mutual funds have historically given relatively better returns than traditional savings instruments like Savings Bank and Fixed Deposits. ₹5000 invested per month for the last 1 year would have grown to ₹62,206 as per the CRISIL – AMFI Liquid Fund Performance Index*.
|Index||1 Year||2 Years||3 Years||4 Years||5 Years||7 Years||10 Years|
|CRISIL – AMFI Liquid Fund Performance Index*||6.65%||7.26%||7.71%||8.10%||8.26%||8.35%||7.75%|
*Returns as on September 29, 2017
*Returns for period greater than one year are annualised returns
Investing through FreeCharge is a simple 3 step instant and paperless process.
Step 1 – Complete your eKYC
Step 2 – Create a Folio
Step 3 – Start investing!
All you need is your PAN number (and Aadhaar number in case you’ve never invested earlier) and bank account details to get started! You can start from as low as Rs 100 and continue investing in multiples of Re 1.
You also have the facility of instant withdrawal of your money to your desired bank account!
So, what are you waiting for, download the FreeCharge app on Android, click on the Mutual Funds tile in the home page and invest right away to enjoy great returns on your idle money!
Click Here to know more!
*MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
Available only on Android.