Best Short Term Mutual Funds to Invest in April 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.

What are short-duration funds?

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.

Why short-duration funds?

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.

How to invest in short-term funds?

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.

Some Short-Term Mutual Funds

These are some of the short-duration funds you should consider investing.

1) Aditya Birla Sun Life Savings Fund

Expense ratio: 0.55 Launched: April 16, 2003 AUM (crores): 10747.669 SIP (min): 1000 3 Year returns: 5.8%

2) HDFC Short Term Debt Fund

Expense ratio: 0.62 launched: 25th June, 2010 AUM(crores): 12914.994 SIP(min): 1000 3 Year returns: 5.5%

3) SBI Short Term Debt Fund

Expense ratio: 0.85 Launched: 27th July, 2007 AUM(crores): 12838.684 SIP(min): 1000 3 Years returns: 5%

4) TATA ST Bond Fund

Expense ratio: 0.33 AUM(crores): 145902.96 SIP(min): 500 3 Years returns: 5.57%

5) HSBC Short Duration Fund

Expense ratio: 0.23 AUM(crores): 109,951 SIP(min): 500 3 Years returns: 21.7%