Liquid Funds have been getting bashed up recently with strange things happening in the liquidity bazaar . After their NAV fell for the first time in many years, many investors were spooked that these funds have too much risk on them. However I had written: As you can see, things have fallen only a little bit – we’re back to about the levels of about 10 days ago. Put another way, it might be prudent to stick around a few days longer and not panic-redeem the fund. Tracking this, I have a new update on all the bond values as of yesterday. 18 out of the 38 funds have already recovered to their NAV levels of July 15. (the day prior to the big RBI announcement that caused the crash). Fund Jul-22 Jul-15 From Jul-15 Jul-16 Jul16 Drop ING Liquid Fund 24.7174 24.7486 -0.13% 24.6638 -0.34% Quantum Liquid Fund 16.9711 16.9781 -0.04% 16.9308 -0.28% DWS Insta Cash Plus Fund 19.7996 19.8131 -0.07% 19.7611 -0.26% L&T Liquid Fund 1647.958 1649.0143 -0.06% 1644.7143 -0.26% Kotak Liquid 2264.639 2266.0098 -0.06% 2260.2502 -0.25% Principal Cash Management Fund 1167.788 1168.4451 -0.06% 1165.4774 -0.25% Reliance Liquid Fund-Treasury Plan 2927.658 2928.1634 -0.02% 2921.1051 -0.24% Birla …
[via Capital Mind]
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