I want to invest around 90K/month for construction of my home for 2 years. I have a target of 25 lakhs in 2 years. Also I am not in a position to loose any of this amount.
Considering this situation I am in, please suggest me safe and best liquid funds to invest this amount and how much in each(if need to invest in 2 or more funds) and when. If there are any better way to invest, kindly let me know.
Thanks very much in advance.
HDFC Liquid Fund is one of the most popular liquid funds right now. The primary objective of HDFC Liquid Fund is to enhance income consistent with a high level of liquidity, through a judicious portfolio mix comprising of money market and debt instruments. This too is one of the top performing liquid funds in 2018. The fund has has consistently outperformed its CRISIL Liquid benchmark since its launch.
It has an expense ratio of 0.15%, has low risk, and has an impressive return of 7.9% over the time frame of 5 years. For 1 year the fund generates an impressive 7.3% returns. The minimum investment you can make is INR 5000.
The fund has top holdings in Reserve Bank of India, Punjab National Bank and Tata Sons among others.
You should check out HDFC Liquid fund for you investment portfolio (after due consultation with your advisor).