|Min SIP Amount||₹1000|
|NAV||₹1582.12 (26 Jan 2021)|
|Fund Started||13 Nov 2013|
|Fund Size||₹167 Cr|
|Reserve Bank of India||Financial||T-Bills||15.0%|
|Reserve Bank of India||Financial||T-Bills||14.9%|
IIFL Liquid Fund Direct Growth is a Debt Mutual Fund Scheme launched by IIFL Mutual Fund. This scheme was made available to investors on 13 Nov 2013. Ankur Parekh is the Current Fund Manager of IIFL Liquid Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹167 Cr and the Latest NAV as of 26 Jan 2021 is ₹1582.12.
The IIFL Liquid Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.
The scheme seeks to provide liquidity with reasonable returns in commensuration with low risk through a portfolio of money market and debt securities with residual maturity of up to 91days.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.