Just In: Avail Instant Redemption for Kotak Liquid Direct-Growth Fund on Paytm Money
We are very pleased to announce that we have enabled instant redemption facility for Kotak Liquid Direct- Growth Fund on our app. Now you would be able to park your excess cash to earn higher returns in the short term.
Insta Redemption Funds have the following features:
- These funds offer higher returns on investment than a savings bank account while carrying the same level of liquidity and flexibility. In fact, around 20% of our investors use insta redemption funds to invest lump sum over the short run.
- These funds are highly flexible given they do not levy an exit load at the time of redemption. You are allowed to withdraw an amount of up to Rs 50,000 or 90% of the invested capital instantly and the remaining amount on the next day.
About Kotak Liquid Direct- Growth Fund
Kotak Liquid Direct- Growth Fund was launched on 04 November 2003 by Kotak Mahindra Asset Management Company Ltd. It is an open-ended debt fund which aims to provide reasonable returns by investing in debt and money market instruments.
The fund maintains a high level of liquidity. The fund, being a direct plan, offers you up to a 1% higher return on investment than a regular plan. It is managed by Mr. Deepak Agarwal. This liquid fund is suitable for investors who have a low-risk tolerance.
Also, Kotak Liquid Direct — Growth Fund presents a good opportunity to earn an alternative income over a short term investment horizon.
Check out other insta redemption funds on Paytm Money app:
- Nippon India Liquid Fund Direct-Growth Fund
- DSP Liquidity Direct-Growth Fund
- ICICI Prudential Liquid Fund Direct Plan-Growth Fund
So what are waiting for? Start investing in insta redemption funds today and earn higher returns.
Disclaimer: Mutual Fund investments are subject to market risks; read all scheme related documents carefully. Past performance is not an indicator of future returns.