Hi , i am a beginner . I want to invest some of my emergency funds in liquid mutual funds .
1.Which platform/website should i use ? is groww app safe? if directly do by amc websites , which fund should I gofor?
2.Wanted to know the charges details (registration fees,taxes) in the process. Ex, for 5k investment , what will be approx charges vs returns ?
Regarding platforms and charges, refer my latest post “Best Direct Mutual Funds Platforms 2019 – A complete list“. Regarding parking your emergency funds, why LIQUID FUNDS if you are totally new? Why not use the ONLINE FDs?
FDs in banks have minimum lock in periods,before which we cannot withdraw our money ?
You can withdraw before maturity also. However, there will be certain pre-maturity withdrawal penalty.
You can but refer the risk part mentioned in that post properly.
ok, thanks for reply
can we do ckyc online using quatum mutual funds without investing through it ?
is there any minimum amount while investing in liquid funds lumpsum ?
Sadly Quantum not allows now to complete the online KYC. You can use the facilities like TATA AMC, Paytm Money or ET Money to complete the online KYC. Regarding the minimum investment, yes, there are certain limits ranging from ZERO to Rs.5,000. You can check with respective funds.