Hello Friends I hope you all are fine and enjoying our ‘ How To ‘ articles regularly . If you are a PhonePe user then you might know PhonePe Liquid Fund has launched recently by PhonePe . Digital payments company PhonePe launched liquid fund investment through its app . Today in this post you will get to know PhonePe liquid fund review . How to invest money in PhonePe Liquid Funds , terms and conditions etc .
Also Read : How To Withdraw PhonePe Liquid Fund
PhonePe Liquid Fund Review
The digital payment application PhonePe has nearly 175 million users . PhonePe tied up with Aditya Birla Mutual Fund for this Offer . You can start investing in PhonePe Liquid fund from as low as Rs 500 . This has no upper limit the minimum limit has been set at Rs 500 .
If you want to start investing in PhonePe Liquid Fund from now then you can do it within a few minutes . First of all you have to go through KYC process for the first time only by providing PAN Card , Aadhar Card and basic details . After that you can start investing in Liquid Funds .
Also note that you can withdraw your investment without any charge . This is the beauty of PhonePe Liquid Fund .
Why Invest in a Liquid Fund
Basically Liquid Fund is a very short period process . This is low risk compared to Mutual Fund . It has no locking period , it can be for one day or one year . You can withdraw your investment whenever you want . Also it gaves you better return option compared to Savings Account .
How To Invest In PhonePe Liquid Fund
Liquid Fund Investment process through PhonePe app is very simple and easy . All you need is a PhonePe Account linked with Bank Account and UPI . If you don’t have a PhonePe account yet , then download it now [ Download ] .
Now Update your PhonePe app and open it . On the downside you can see a option ‘ My Money ‘ , simply click on there . After that you can see Liquid Fund option . Tap on there and start investing .
You can see there are two investment option one is Monthly SIP and the other one is One Time . So tap on whichever you want like i did one time . Then enter amount as low as Rs 500 and tap on continue . After that you have to put your PAN Card No there for KYC . Again you have to submit Aadhar Card or Driving License and your basic details for KYC . This KYC process is one time . You don’t have to do KYC further again .
Note that you have to submit a front facing video where a number will be displaying on screen and you just have to pronounciating it . Also you have to submit your Digital Signature . This two process are very important for PhonePe Liquid Funds KYC Process .
After completing KYC by entering your UPI Pin your payment will be completed in PhonePe Liquid Fund . They will send you full details about your investment in your mail id .
You can track your Investment details any time . Profit Percent , Graph , Account Balance all you track from PhonePe Liquid Fund Option and Aditya Birla Mutual Fund Website as well .
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If you want to know more watch my latest video on PhonePe Liquid Fund
How To Withdraw Money
You can withdraw your investment anytime within a few minutes . There is no charge for it . But if you withdraw liquid fund before 7 days then you have to pay some charge . But if you withdraw your investment after 7 days you don’t have to pay any types of charges whether it is processing fee or withdrawal charge .
Also note that if you withdraw your investment then upto 90% or ₹50,000 whichever is lower will be withdrawn to your Bank Account linked with PhonePe . And the remaining 10% and interest will be send to your Bank Account after 2 or 3 days later . So you don’t have to worry about it .
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FAQ – Liquid Funds
Do Liquid Funds really give higher returns than a Savings Bank Account ?
Yes, with liquid funds you can earn up to double the returns . As compared to a bank account .
How safe are Liquid Funds ?
Liquid Funds are relatively safe as they invest in instruments such as government and bank securities and not in the stock market . Also as a result , Liquid Funds offer steady returns and are suitable for investing money for short term .
Why invest in Liquid Funds on PhonePe ?
Higher Returns – with Liquid Funds , you can earn higher returns than a savings account and where interest is as low as 3.5% .
Invest as low as ₹500 – You can invest as low as ₹500 in a liquid fund .
Instant withdrawal , anytime – You can withdraw upto 90% or ₹50,000 per day ( whichever is lower ) instantly , anytime .
High safety – Your investment are relatively safe & there are no stock market risks .
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So guys i hope you know what is liquid fund , how to invest on liquid fund . If you have any queries related to Phonepe Liquid Fund please comment down below so that i can help you . Also to stay updated from such articles please visit https://www.techsuvam.com/ regularly .
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