Articles about Mutual Fund (MF) investments typically speak about fulfilling long-term goals. So naturally, investors assume that MFs cannot help achieving short-term goals.
Let us break this myth with the example of Ramesh, a travel junkie.
Recently, the company Ramesh worked for achieved success and rewarded its employees with bonuses. With this bonus, Ramesh wanted to plan a trip to Europe.
However, Ramesh was working on a big and prestigious project that would take about eight months to complete. He could travel to Europe only after this project ended. So his travel dates were uncertain.
So Ramesh decided to make use of liquid fund which are ideal for such cases where the investment period is short, but uncertain. The Funds also allow him to redeem them on any working day. The money would
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