IIFL Liquid Fund Direct Growth is a Debt Mutual Fund Scheme launched by IIFL Mutual Fund. This scheme was introduced to investors on 13 Nov 2013. Ankur Parekh is the Current Fund Manager of IIFL Liquid Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹647 Cr and the Latest NAV as of 19 Sep 2019 is ₹1505.24.
The IIFL Liquid Fund Direct Growth is rated Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
To provide liquidity with reasonable returns commensurate with low risk through a portfolio of money market and debt securities with residual maturity of up to 91 days. However, there can be no assurance that the investment objective of the scheme will be achieved.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment