IIFL Liquid Fund Direct Dividend Daily+0.01%

2Groww
6.62%
1 Year Return
Debt
Liquid
2.0 star
6M
1Y
3Y
5Y
All

Fund Details

IIFL Liquid Fund Direct Dividend Daily

RiskVery Low
Min SIP AmountNot Supported
Expense Ratio0.20%
NAV1000.18 (08 Jul 2019)
Fund Started12 Nov 2013
Fund Size647 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IIFL Liquid Fund Direct Dividend Daily
6.6%
6.5%
7.1%
7.3%
Category Average
NA
NA
NA
-
Rank within category
NA
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 6.6% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 3 years
    2. Risk is lower compared to the benchmark
    3. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 1000 Crs. Watch expense ratio when AUM is very low
    2. 1Y Returns are lower than the benchmark
    3. 3Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    National Bank For Agriculture & Rural DevelopmentFinancialCP7.4%
    HDFC Bank Ltd.FinancialCD7.4%
    ICICI Bank Ltd.FinancialCD7.4%
    Indian Railway Finance Corpn. Ltd.FinancialCP7.4%
    Small Industries Devp. Bank of India Ltd.FinancialCD7.4%
    Housing Development Finance Corpn. Ltd.FinancialCP7.3%
    National Thermal Power Corp. Ltd.EnergyCP7.3%
    Axis Bank Ltd.FinancialCD6.6%
    Reliance Industries Ltd.EnergyCP4.4%
    Reliance Industries Ltd.EnergyCP3.7%
    See All

    Fund Managers

    addAnkur Parekh
    Education
    Mr. Parekh is an MBA.
    Experience
    He has more than 15 years of experience. Prior to this he was Money Market Dealer with LKP Securities and left SBI DFHI as Junior Vice President for Fixed Income.
    Funds Managed

    Other Details

    IIFL Liquid Fund Direct Dividend Daily is a Debt Mutual Fund Scheme launched by IIFL Mutual Fund. This scheme was introduced to investors on 12 Nov 2013. Ankur Parekh is the Current Fund Manager of IIFL Liquid Fund Direct Dividend Daily.The fund currently has an Asset Under Management(AUM) of ₹647 Cr and the Latest NAV as of 08 Jul 2019 is ₹1000.18.

    The IIFL Liquid Fund Direct Dividend Daily is rated Very Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.

    Investment Objective

    To provide liquidity with reasonable returns commensurate with low risk through a portfolio of money market and debt securities with residual maturity of up to 91 days. However, there can be no assurance that the investment objective of the scheme will be achieved.

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years Negligible Tax (20% with indexation benefit) post 3 years

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

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    About IIFL Mutual Fund

    Address
    IIFL Centre, 6th Floor, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013
    Phone
    022-42499000
    Launch Date
    22 Mar 2011
    Website
    NA
    IIFL Mutual Fund
    Asset Management Company
    Custodian
    Citibank NA
    Registrar & Transfer Agent
    Cams
    Address
    NA
    Website
    NA
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