How Liquid Is A Mutual Fund? 
A mutual fund is very liquid , you can usually cash out with a phone call . Now if you mean by liquidity what is the cost to do so , that is different . A front loaded mutual fund has no redemption costs normally as you have already paid the costs up front . Those costs are not returnable . A rear loaded mutual fund puts 100 % of you funds into the investment , but if you redeem early -LRB- as in 5-10 years depending on the fund -RRB- you will pay some sort of cost to redeem . The exception to this would be the money market mutual fund as many of that type of mutual fund actually offer the ability to write checks from the account . Basically if you are worried about how liquid a mutual fund is , you should probably not be there . As with most investments , the plan should be long term . There are other places to place short term money . 