Is Liquid fund safe in PhonePe?

Liquid Funds are an ideal substitute for the savings bank account! They offer higher returns than a bank account and are the safest mutual fund investments which are suitable for short term savings. You can even create this investment solely as an emergency fund.

Can I invest in mutual funds through PhonePe?

PhonePe has simplified the mutual fund investment process significantly and provided easy investment solutions to help investors make informed decisions. As a result, the platform has attracted investors from over 19,000 pin codes across India.

How does liquid fund work in PhonePe?

Called ‘Liquid Fund’ on the lines of Mutual Funds, PhonePe will invest money in safer instruments such as bank and government securities, said the company which has over 175 million users in India. 50,000 per day that will be credited to the user’s bank account within 30 minutes.

How much safe is PhonePe?

PhonePe is 100\% safe and secure. It is powered by Yes Bank. All payments happen over secure banking networks and the app does not store any user data or passwords. All you need to do for every transaction is enter your MPIN (which only you know).

How can I use PhonePe safely?

Do’s & Don’ts to Prevent Fraud:

1. Do not share confidential details like card number, expiry date, PIN, OTP etc.
2. Always remember you do not have to ‘Pay’ or enter your UPI pin to receive money on PhonePe.
3. Always remember you do not need to scan a QR code to receive money on PhonePe.

Should you invest in Aditya Birla Sun Life liquid fund?

If preservation of your capital is a major concern for you but you still want to earn a better return, your search ends with Aditya Birla Sun Life Liquid Fund. It is a highly liquid, income scheme that focuses on preventing erosion of your capital.

What is PhonePe’s liquid fund investment offering?

Digital payments company PhonePe on Wednesday announced that it will launch liquid fund investment through its app. It has tied up with Aditya Birla Mutual Fund for this offering, giving the app’s close to 175 million users the option to invest their idle money into a liquid mutual fund.

Is PhonePe free to invest in?

As of now, PhonePe is offering investment services to its users free of cost. The Flipkart-owned company forayed into financial products in 2018 with gold buying and selling option followed by tax-saving funds in March 2019. Currently, the platform offers only three equity-linked savings schemes (ELSS) and will offer one liquid fund.

Should you invest in liquid funds for short term goals?

Experts say that liquid funds are a good saving option for short-term goals with an investment horizon of up to one year. “Those investors looking to park their savings out of their sight or to save for short-term goals can do so in liquid funds,” says Amit Suri, a Delhi-based financial planner.