Axis bank liquid fund interest rate
Axis Mutual Fund: Learn all about mutual fund investments in axis bank, also a probability of the Reserve Bank of India (RBI) increasing the interest rates in its 13 Feb 2020 Pick up that liquid fund which has a low expense ratio, as this increases the overall returns delivered by the fund. Axis Liquid Fund, ₹29,119, 6.61%, 6.98% , 7.39% A. Investment plus accrued interest in Liquid Funds is systematically and it reaches the bank account of the investor in a few minutes. 27 Mar 2019 If the interest rate for the day is high, the returns from overnight funds are said Devang Shah, deputy head, fixed income, Axis Mutual Fund. Liquid mutual funds invest in money market instruments such as Certificate of Similarly, bank deposits with a fixed interest rate entail a lower risk and less reward than do bond mutual funds. Axis Liquid Fund, 1.63, 3.28, 6.68, 0.0246, 2.11. 16 Oct 2017 State Bank of India recently lowered the rate on savings account by 50 basis Others, including Bank of Baroda, Axis Bank, ICICI Bank, Punjab National Bank and Yes Bank, Now, with interest rates as low as 3.5-4 per cent, it is unwise to keep a One good alternative to savings accounts is liquid funds.
Axis Bank has revised its Fixed Deposit interest rates with effect from 10th August 2019 for deposit below Rs. 2 crore. The bank is offering an interest rate from 3.50% to is 7.20% for a period of 7 days to 10 years.
Axis Bank has revised its Fixed Deposit interest rates with effect from 10th August 2019 for deposit below Rs. 2 crore. The bank is offering an interest rate from 3.50% to is 7.20% for a period of 7 days to 10 years. Axis Bank offers a lucrative rate of interest on fixed deposits of longer tenure and lowers interest rate on deposits of less than a year. The highest interest rate offered by Axis Bank is 7.60% for deposit amount below Rs. 1 crore corresponding to a deposit tenure of years months days to years months days. Axis Bank Medium and Long-term Fixed Deposit Rates Long-term FDs can range anywhere between 1 year and 10 years If the deposited amount is lesser than 1 crore rupees then interest on your investments will range within 7.25 % to 7.30% Axis Bank is the third largest private-sector banks in India offering a comprehensive suite of financial products. Headquartered in Mumbai, the bank has 2,959 branches, 12,743 ATMs and nine international offices. (Source: wikipedia) Axis Bank PPF Interest Rate. Interest rate on PPF account in Axis Bank is no different to all other bank and post Mutual Funds offered by Axis Asset Management Company. Chandresh Nigam, Managing Director & CEO, Axis Asset Management Company Limited, believes in an inflation beating investment strategy, which essentially means that how an investment today will increase or at least maintain an individual’s purchasing power tomorrow, taking into account the high rate of inflation. Large Cap Fund : Large Cap Fund : Fund has 80.44% investment in indian stocks of which 73.16% is in large cap stocks, 0.31% is in mid cap stocks. Suitable For : Investors who are looking to invest As of March 2018, Axis Mutual Fund manages assets worth Rs.77,325.41 crore. Deutsche Bank A.G is the custodian for all its mutual fund schemes except for Axis Gold ETF which is taken care by the Bank of Nova Scotia. Axis Mutual Fund boasts of a well-rounded product suite comprising of over 50 schemes.
As of March 2018, Axis Mutual Fund manages assets worth Rs.77,325.41 crore. Deutsche Bank A.G is the custodian for all its mutual fund schemes except for Axis Gold ETF which is taken care by the Bank of Nova Scotia. Axis Mutual Fund boasts of a well-rounded product suite comprising of over 50 schemes.
24 Apr 2014 During high inflationary period, the Reserve Bank typically keeps interest rates high and tightens liquidity, helping liquid funds to earn good
For Rupee Term Deposits of a contracted amount of Rs. 5 Crores and above, the interest rate shall be 1% below the card rate prevailing as on the date of deposit, as applicable for the period the deposit has remained with the bank or 1% below the contracted rate, whichever is lower.
Axis Mutual Fund: Get the Latest Information on Axis Mutual Fund Schemes, Returns, Latest Nav, Ratings. Axis Mutual Fund Manager, Axis Mutual Fund Application Form
Historical Returns. Comparative performance of Canara Robeco Liquid - Reg - Growth as of Feb 29 , 2020 Lowest interest rate risk among debt funds as it primarily invests in fixed income securities with short maturity. 7.78%. Axis Bank Ltd
For Rupee Term Deposits of a contracted amount of Rs. 5 Crores and above, the interest rate shall be 1% below the card rate prevailing as on the date of deposit, as applicable for the period the deposit has remained with the bank or 1% below the contracted rate, whichever is lower. Repo Rate 5.15%; Repo Rate Reset frequency - 3 months. The Bank is free to decide the spread over the Repo Rate. The spread may undergo a change during the tenure of the loan. Customers who have already availed disbursement or received a sanction prior to October 1, 2019 will continue to operate on MCLR. If you wish to know more and open a PPF account, reach out to your Axis Bank relationship manager. Distinguishing Points between a Bank FD and PPF: Interest Rates At present, the rate of interest on a 1-year bank FDs offered by most banks ranges from 5.00% to 7.00% per annum. On the other hand, interest rate on PPF is currently 7.8%. Axis Liquid Fund is a Debt - Liquid Fund fund was launched on 9 Oct 09. It is a fund with Low risk and has given a CAGR/Annualized return of 7.8% since its launch. Ranked 21 in Liquid Fund category. Return for 2019 was 6.6%, 2018 was 7.5% and 2017 was 6.7%. Below is the key information for Axis Liquid Fund
You can expect to earn better returns than what you would get from a bank account.