tailieunhanh - Liquid funds - an alternative to savings bank deposits

The Mzansi Account is the result of a banking industry initiative to provide a standard bank account, which is affordable, readily available and suits the specific needs of the previously unbanked com- munities. This initiative is a requirement of the Financial Sector Charter, which requires banks to make banking more accessible to the nation and, specifically, to increase banking reach to all com- munities. The collaboration between the banks has allowed Mzansi account holders to make use of any of the participating banks’ ATMs at no additional cost–effectively creating a network of over ten thousand ATMs across the country and extending the banking. | CRi5k Fundservices Fund Insights Satish Prabhu Senior Manager - CRISIL FundServices Akshat Hebbar Executive Analyst - CRISIL FundServices Disclaimer CRISIL Research a division of CRISIL Limited CRISIL has taken due care and caution in preparing this Report based on the information obtained by CRISIL from sources which it considers reliable Data . However CRISIL does not guarantee the accuracy adequacy or completeness of the Data Report and is not responsible for any errors or omissions or for the results obtained from the use of Data Report. This Report is not a recommendation to invest disinvest in any company covered in the Report. CRISIL especially states that it has no financial liability whatsoever to the subscribers users transmitters distributors of this Report. CRISIL Research operates independently of and does not have access to information obtained by CRISIL s Ratings Division CRISIL Risk and Infrastructure Solutions Limited CRIS which may in their regular operations obtain information of a confidential nature. The views expressed in this Report are that of CRISIL Research and not of CRISIL s Ratings Division CRIS. No part of this Report may be published reproduced in any form without CRISIL s prior written approval. CRiSik Fundservices Liquid funds - an alternative to savings bank deposits Provides higher returns with a reasonable degree of safety Retail investors have ignored a more remunerative option viz liquid funds and continued to park their surplus cash in savings bank accounts. Not only does the former offer higher post-tax returns it also offers a reasonable degree of safety in terms of the principal invested. Moreover these investments are highly liquid. Most retail investors though are either unaware of this or averse to liquid funds owing to concerns of probable capital erosion. According to the Association of Mutual Funds in India AMFI of the Rs trillion assets under management AUM in liquid funds as on April 30 2011 retail investors .