Emergency fund & Wealth creation

Q & A Forum › Category: Financial Planning › Emergency fund & Wealth creation

ramkumar asked 8 years ago

HI Sreekanth, I have queries on two topics.

Emergency fund distribution - 50% in CITI Sweepin account, 15% in Bank FD, 15% in Liquid fund and 20% in Bank account (I have given in % since I thougyt it ll be easy to convey)

I have selected DSP liquid fund because in future I can transfer from liquid to other DSP midcap or small cap fund for long term. 2. Wealth creation for home loan preclosure - 9000 per month Planning to divide in nFranklin templeton smaller cos fund and dsp blackrock small cap fund. Please give your comments on these two points. Thanks in advance, Ram

3 Answers

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Sreekanth Staff answered 8 years ago

Dear Ram, 1 - Fine. Your strategy is good. 2 - May I know your investment time-frame?? Related Articles : https://www.relakhs.com/investing-mutual-funds-paying-home-loan/ https://www.relakhs.com/emergency-fund-importance/

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ramkumar answered 8 years ago

HI Sreekanth, Thanks for your reply. I made a small mistake in the point no:2. Please refer the actual query below: 5000/month - Retirement fund (for 25 years) - Franklin Smaller cos fund (should i divide and invest in another fund (eg.DSP smallcap fund) 9000/month - Wealth creation for home loan (for 7 years) - HDFC balanced fund (Should i divide and include another fund) Thanks, Ram

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Sreekanth Staff answered 8 years ago

Dear Ram, You may continue with your two above picks. All the best!