Liquid funds instead of savings accounts for idle cash?

Instant redemption will increase the attractiveness of liquid funds

Recently, the Securities and Exchange Board of India (Sebi) took two key decisions on mutual funds: It allowed instant access facility in liquid funds, and also permitted investments in mutual funds through e-wallets. While instant redemption could lead to investors shifting more money from savings accounts into liquid funds, it may be a while before payments through e-wallets take off.

From t+1 redemption in liquid funds earlier, you will now be able to get your money almost instantly. “Investors can get the amount credited in their bank accounts within 30 minutes, and often immediately. They should consider liquid funds instead