I am left with Rs 5,000-Rs 10,000 idle cash at the end of a month. Should I invest this in liquid funds that can be withdrawn anytime, and also fetch some income?
The strategy to invest in liquid funds is a good move compared to cash being retained in a savings bank account
I am left with Rs 5,000-Rs 10,000 idle cash at the end of a month. Should I invest this in liquid funds that can be withdrawn anytime, and also fetch some income?
Mayur Haveli, Jaipur
The strategy to invest surplus cash in liquid funds is a good move compared to it being retained in a savings bank account. Liquidity and returns apart, the flexibility to park your idle cash in liquid funds is a great way to make your money work for you. Do look for funds, which also issue a debit card on investments above a threshold in such funds.