Reliance Money Market Fund (G) - Grow Your Money Smartly in a Short Span

Reliance Group has always endeavoured for the optimum quality in every product it delivers. Reliance Mutual Fund provides appropriate schemes to every investor. For those investors who are looking for a small amount of gain on their extra savings in a short span of time, Reliance Mutual Fund provides Reliance Money Market Fund (G) which was earlier known as Reliance Liquidity Fund. The fund has been the first choice for many liquid mutual fund investors due to its best-in-class performance. Connect with MySIPonline to invest in this fund and get more details about this fund.

Reliance Money Market Fund (G) in Depth

It is one of the best liquid funds available in the market and has been ranked 1 by Crisil in the category of liquid funds. The fund has never delivered a loss and has always provided the investors with a much better saving option compared with regular bank deposits. The slow and steady growth provides almost negligible risk factor.

• Performance Analysis: This fund has always performed positively and the growth has never looked down. In the last one year, it has provided a growth of 6.8% and an annualised growth of 8% in last 5 years which is much better than the average in its category (7.4%). Rs 10,000 invested in this fund 5 years ago would have become Rs 14,701 by now. Since its launch in June 2005, it has shown a growth of 7.76% (data as per 29 May 2018).
• Portfolio Details: The fund invests 100% of its corpus in money market instruments which comprise commercial papers and certificate of deposit in prominent banks of the country. It invests in government as well as private sector banks. The maturity of every money market instrument is less than 91 days and more than 60 days. 
• Investment Details: The smarter way of short term investing can be started with a minimum amount of Rs 5000. Features like SIP, STP, and SWP are also supported by this scheme. As it is meant for a short term, hence no exit load is charged at all. The expense ratio is 0.24%. The NAV of Reliance Money Market Fund (G) is Rs 1002.87 (data as per 29 May 2018).

Fund Managers

1. Amit Tripathi: Mr Tripathi has worked with prominent financial firms like New India Assurance Co, Sun Invest Associates Ltd, and CFS Financial Services. He holds a degree of B.Com and PGDM. He has been managing Reliance Liquidity Fund since its inception in 2005.
2. Vivek Sharma: Mr Sharma is a B.E. and PGDM in finance. He is associated with Reliance AMC since 2006. He joined Mr Tripathi in October 2013. 

If you are have some extra cash that you don’t need right now but you may need it after some time, then this fund is a perfect destination to park that extra cash. It provides a much better return and more beneficial facilities as compared with regular bank deposits. To know more about this fund and if this scheme is suitable for you or not, browse through the official website of MySIPonline and get the best advice regarding Reliance Liquidity Fund (G).