Dashmeet kaur | Apr 26, 2024 |
Best Short Term Mutual Funds to Invest in April 2024
A mutual fund is a corporation that combines funds from multiple investors and invests them in different securities such as stocks, bonds, short-term debts etc.
Mutual funds provide individual investors with access to professionally managed portfolios that are diversified. Mutual funds have yearly fees, expenditure ratios, and commissions that reduce their overall returns.
Also known as low-duration funds, these are one of the debt funds that have higher maturity than liquid funds and overnight funds. These funds range from 6 months to 3 years.
Well, they have many benefits:-
a) They have comparatively lower interest rates than long-term bond funds.
b) They provide higher returns than money market returns. Now what makes it attractive is that it provides more safety and liquidity.
c) They also help in the generation of income.
a) Choose a mutual fund provider.
b) Complete your KYC(KNOW YOUR CUSTOMER).
c) Select a fund.
d) Invest in your fund/funds.
e) Monitor your investment regularly.
Here are some short-term mutual funds you can consider while investing in April,24.
These are some of the short-duration funds you should consider investing.
Expense ratio: 0.55
Launched: April 16, 2003
AUM (crores): 10747.669
SIP (min): 1000
3 Year returns: 5.8%
Expense ratio: 0.62
launched: 25th June, 2010
AUM(crores): 12914.994
SIP(min): 1000
3 Year returns: 5.5%
Expense ratio: 0.85
Launched: 27th July, 2007
AUM(crores): 12838.684
SIP(min): 1000
3 Years returns: 5%
Expense ratio: 0.33
AUM(crores): 145902.96
SIP(min): 500
3 Years returns: 5.57%
Expense ratio: 0.23
AUM(crores): 109,951
SIP(min): 500
3 Years returns: 21.7%
In case of any Doubt regarding Membership you can mail us at [email protected]
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