Which Icici mutual fund is best for short term?

Which Icici mutual fund is best for short term?

Alternative Funds (Category Peers)

Scheme Name Crisil Rank 1Y
Franklin India Short Term Income Plan – Growth 1 17.02
Sundaram Short Term Debt Fund – Growth 4 12.88
IDBI Short Term Bond Fund – Growth 2 12.43
UTI Short Term Income Fund – Institutional – Growth 4 8.59

Is Icici Prudential short Term fund Safe?

Q: Is it safe to invest in ICICI Prudential Short Term Fund? A: As per SEBI’s latest guidelines to calculate risk grades, investment in the ICICI Prudential Short Term Fund comes under Moderate risk category.

What is the locking period of Icici Prudential Mutual Fund?

three years
ICICI Prudential Long Term Equity Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.

What is Axis Ultra short Term fund?

The investment objective of the Scheme is to generate regular income and capital appreciation by investing in a portfolio of short term debt and money market instruments with relatively lower interest rate risk such that Macaulay duration of the portfolio is between 3 months and 6 months.

Which fund of Icici Prudential is best?

Top 10 Icici Prudential Mutual Funds

Fund Name Category 1Y Returns
ICICI Prudential Equity & Debt Fund Hybrid 43.8%
ICICI Prudential Nifty Next 50 Index Fund Other 31.9%
ICICI Prudential Balanced Advantage Fund Hybrid 16.8%
ICICI Prudential Long Term Equity Fund Equity 37.0%

What is HDFC corporate bond fund?

An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. The Fund will invest a minimum of 80% in such bonds. Investment in debt securities will be guided by credit quality, liquidity, interest rates and their outlook.

What is SBI Magnum Medium Duration Fund?

The scheme seeks to provide investors an opportunity to generate attractive returns with moderate degree of liquidity through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years – 4 years.

Where can I park short term money?

The best short term investments options are:

  • Savings Account.
  • Recurring Deposit.
  • Gold or Silver.
  • Debt instrument.
  • Stock Market/Derivatives.
  • Large cap mutual fund.
  • Treasury securities.
  • Money market fund.

What is UTI Floater Fund?

UTI Floater Fund is an open ended debt scheme which predominantly invests in high quality fixed rated instruments and uses Interest Rate Swaps like OIS (Overnight Index Swap), G-Sec Floater, FRBs (Floating Rate Bonds) by corporates to construct a floating rate fund.

Is Icici mutual fund good?

Yes, ICICI Prudential Mutual Fund is good. It is a reputed fund house offering direct mutual fund services. By investing in direct schemes, you can save on commissions and charges. These commissions and charges add up to a significant amount in the long-term.