Saturday, December 10, 2016
by
Indian Real Estate News
invest Ultra Short Term Funds Online
Ultra short term funds invest in securities with a residual maturity of not more than 1 year. They are a suitable option to park your surplus for a few months to a year.
Of course, they do not offer guaranteed returns or safety of capital but the risk is negligible. You can expect to earn slightly higher returns by assuming slightly higher risk in comparison to a savings account.
These Ultra short term funds do not have any lock in period. After submitting a redemption request, you can typically get you money back in 1 or 2 business days.
The withdrawal will have tax implication as debt funds.
Although a few fund houses are now allowing instant redemption facility.
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