Suggestion for Emergency Fund

Q & A Forum › Category: Investments › Suggestion for Emergency Fund

ralkar80 asked 8 years ago

Hi Shreekanth, I wanted to create Emergency fund of 500000 . Can you please suggest which fund I should choose like Liquid,debt fund or any other option. Please suggest fund name as well.

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Sreekanth Staff answered 8 years ago

Hi, You may consider combination of Bank FD + Liquid Fund + Ultra Short term fund (bit risky though compared to the other two). Kindly read : https://www.relakhs.com/emergency-fund-importance/

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ralkar80 answered 8 years ago

Please suggest any good liquid fund .

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Sreekanth Staff answered 8 years ago

Hi, You may consider HDFC Liquid Fund.