How to invest in Parag Parikh Liquid Fund (parking surplus)

Sun, 17 May 2026 00:00:00 +0000

The Liquid Fund is where short-horizon cash sits. A salary inflow you’ll redeploy next month, a tax refund waiting for the next equity SIP, a property-sale advance, a maturity from another investment, the emergency fund itself, anything you want to earn slightly more than a savings account on while keeping it accessible in a business day or two. PPFAS has two routes for it: the standard SelfInvest portal (full transactional control, all schemes in one view) and the dedicated CashFlex mobile app (launched 21 June 2024, focused on the cash-management use case with a slicker interface and the T+0 Instant Access Facility front-and-centre). Both share the same SelfInvest credentials and the same underlying folio.

How to use the PPFAS Liquid Fund Instant Access Facility

Sun, 17 May 2026 00:00:00 +0000

The Instant Access Facility (IAF) is what makes the Parag Parikh Liquid Fund a viable replacement for a savings account on the emergency-fund use case. Standard mutual fund redemption is T+1; IAF is T+0, with the bank credit reflecting within roughly 30 minutes, available 24x7 subject to bank-side IMPS uptime. SEBI’s 2019 Liquid Fund Risk Management Framework caps the facility at Rs 50,000 per day per folio or 90 per cent of folio value, whichever is lower. Use it for the genuine emergency-fund use case (medical, immediate cash need); use standard T+1 redemption for everything else, since standard redemption has no cap and clears the next business day anyway. IAF is scheme-specific: only the Liquid Fund supports it, available through SelfInvest or the dedicated CashFlex app.

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How to invest in Parag Parikh Liquid Fund (parking surplus)

How to use the PPFAS Liquid Fund Instant Access Facility