I am a US-based NRI, would like to invest 50 lakhs in liquid funds, as safety is my top priority and I need them in 5 months time for buying a house.
Please clarify below:
How many liquid funds should I invest in?Please suggest names also if possible
Can I invest in Liquid Funds through FundsIndia online? Is it safe to invest 50 lakhs through the online platform?or is there any other better way?Please suggest
Thanks in advance
In my view a single fund is enough. However, if you feel it is risk then you can opt for 2-3 funds. Refer my post for the same “Top 5 Best Liquid Mutual Funds in India in 2017“. Yes, you can invest through FundsIndia online. But to reduce your cost, I suggest you to go for DIRECT Funds using respective mutual fund companies portals or through MF Utility Platform.
Thanks a lot for the advice and for suggesting the funds as well.I have gone through the list “Top 5 Best Liquid Mutual Funds in India in 2017“ ,but i believe all those fund houses except Birlasunlife and Icici does not accept US NRI’s. Please correct me if i’m wrong.And if i’m correct could you please suggest me the good funds which are accepting US based NRI investors?Thanks..