https://v2.webnotes.in/tags/91-day-maturity/Recent content in 91-Day Maturity on WebNotesHugoen-INTue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/liquid-mutual-fund-india/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/liquid-mutual-fund-india/<p>A <strong>liquid mutual fund</strong> in India is an open-ended debt scheme that invests exclusively in debt and money-market instruments with a residual maturity of up to 91 days. Under <a href="https://v2.webnotes.in/sebi-investment-management-department/">SEBI</a> &rsquo;s October 2017 scheme categorisation circular, the liquid fund category is defined by this 91-day maximum maturity constraint, which limits the interest-rate risk and credit-duration risk of the portfolio while preserving daily net asset value (NAV) liquidity for investors. Liquid funds are among the most widely used short-term parking instruments in India, employed by retail investors for emergency funds, by corporates for treasury management, and by high-net-worth individuals as an alternative to savings bank accounts for idle cash.</p>