@namitjain2890 – Did you have any updates on this thread. I also heavily invested into this to park my money for short term and i have observed the same pattern.
No updates unfortunately. Still the same returns!
LOL , website not updated after change in interest rates.
This is one issue for which you will never receive a response. I personally am led to believe in such situations that Zerodha could be retaining the dividend for itself, because the dividend comes to its own account and then it distributes it proportionately to clients who have pledged the Liquidbees.
any update on the thread?
The reason for disparity could be because you might have opted for the dividend option and the returns shown on the website pertain to growth option. In dividend option dividend distribution tax of approximately 29% is deducted by the fund house and consequently what you receive in your hand is much lower. This option is suitable only for those who fall in the 30% tax bracket. for those in 10% or 20% tax bracket its advisable to choose the growth option where you pay short term capital gains tax at marginal rate of tax based on the tax slab you fall in and if you hold for more than 36 months then long term capital gain tax @ 20% with indexation benefits is available.
There’s no growth option with liquid bees, and my dividends match their calculator. but there’s a disparity between their own claimed “achieved” returns i.e historic returns and their calculator.
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Yes true. @vishaldamani Can you please throw some light on growth option and how do we opt for that?
https://www.reliancemutual.com/FundsAndPerformance/Pages/IDC.aspx
Provides the dividend for each day.
Calculator gives returns of around 3.9 % for period Sept 2017 to Sept 2018.
Reliance AMC has a horrible support when it comes to ETF. Most employees have no idea about liquidbees. They think we are talking about liquid mutual funds. I have found DSP Blackrock to be much better when it comes to responding to my queries regarding their LiquidETF.
When you buy a mutual fund you are asked to choose if you want to opt Direct plan or regular plan (Direct plan helps you save on commission paid to broker/advisor) and also if you want to opt for growth or dividend option.
Guys, just wanted to clarify, this is not a traditional mutual fund. It’s an ETF, and they only have daily dividend option.
Liquidbees returns are net of DDT
Any update? If it better to buy liquid bees via mutual fund or as an etf through kite app
ETF is better I feel, easy to manage.
Did you happen to write a mail seeking clarification??
My liquidbees returns in last 2 months is 2.7% p.a.
Considering DDT as 28.84%, the pre-DDT return comes to 3.8% p.a.