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Liquid Mutual Funds - Make your money work Harder
More often than not, the invoice collections are parked in the current account till the funds are required to clear the supply bills. This surplus money doesn't earn any interest.
Interest Rates
Current Account : NILSavings Account : 4% per annum
Here is an opportunity to earn at the rate of 6 to 7% per annum on the surplus cash. If Rs.10 Lakhs idles in your account for a period of 15 days on every month, then investing this surplus for 15 days every month would give you a return of Rs. 30,000 to 35,000/-per annum.
The returns would be much higher depending on your Surplus and the number days its parked.
The risk on Capital is zero since the investment is primarily into highly liquid Inter Bank overnight call money / Treasury Bills / Commercial papers.
Added to the above, there is no hassle of moving your funds in and out of this Mutual Fund. Both investment and withdrawal can be made Online through www.mywisemoney.com
Do call me for further details.
S Saravanan09444055430