Invest Smarter, Earn Better with Shootihvalid until: 18 Apr 2024date published: 18 Apr 2023
When it comes to investing business idle cash, choosing the right fund to invest in is the game-changing step. Hence, to help you make the right decision, in this article, we will discuss the benefits of investing business idle cash in two most popular mutual fund schemes from SBI Mutual Fund:
1. SBI Liquid Fund
This is a popular mutual fund offered by SBI Mutual Fund. It's a debt fund that invests in money market instruments with a maturity of up to 91 days, making it a low-risk investment option. The fund provides easy liquidity, and the returns are generally higher than a traditional savings account. SBI Liquid Fund is an ideal option for businesses with a short-term investment horizon and who want to earn higher returns on their idle cash.
2. SBI Short Term Debt Fund
This fund is another popular mutual fund offered by SBI Mutual Fund. It's a debt fund that invests in fixed-income securities with a maturity of up to three years, making it a slightly higher-risk investment option. SBI Short Term Debt Fund invests 96.66% of its net asset in debt instruments. And as on 17th April 2023, the annualised return from the fund stood at 5.50%.
Choosing the right fund to invest in is just the first step, as selecting the right platform also plays a crucial role in your investment journey. One platform that can make your corporate investment game a winning bet is Shootih with its competitive features like data-driven investment recommendations, idle cash alerts and a consolidated view of holdings. The platform is also ISO 27001 Certified hence rest assured, your data at Shootih is completely secured.
You may also view these ads: