PhonePe Liquid Fund Review | Full Details & Investment Process

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.

Download PhonePe App

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 the 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 gives you a better return option compared to Savings Account.

How To Invest In PhonePe Liquid Fund

The Liquid Fund Investment process through the 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 an option ‘My Money’, simply click on there. After that, you can see the Liquid Fund option. Tap on there and start investing.

You can see there are two investment options one is Monthly SIP and the other one is One Time. So tap on whichever you want like I did one time. Then enter an 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 displayed on the screen and you just have to pronounce it. Also, you have to submit your Digital Signature. These two processes are very important for the 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 at 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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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 a 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 sent to your Bank Account 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 in the 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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Conclusion

So guys I hope you know what is the liquid fund, how to invest in a 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 on such articles please visit https://www.techsuvam.com/ regularly.

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