Suggestion for ELSS and Emergency Fund

Q & A Forum › Category: Mutual Funds › Suggestion for ELSS and Emergency Fund

SUDHEER4A3 asked 9 years ago

Hi Sreekanth, This is Sudheer, aged 29 and Single.I have invested 3k in Axis LT Equity and 3k in Franklin Tax shield for tax saving last year. Please suggest best ELSS MF for this year if there is any change required. I want to keep Emergency fund money in some debt funds which can be redeemed in 1 day as well please suggest good debt mutual fund.

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Sreekanth Staff answered 9 years ago

Hi, You may make additional investments in the same existing ELSS funds. Read: https://www.relakhs.com/best-elss-funds-2017-2018/ Kindly note that even debt funds (liquid funds too) are subject to various risks. So, to maintain an emergency fund, suggest you to have a mix of cash in hand / at bank + FDs/RDs + Liquid fund + Arbitrage fund. Kindly read: https://www.relakhs.com/debt-funds-types-benefits-risk-vs-return/ https://www.relakhs.com/best-debt-mutual-funds-india-top-debt-funds/ https://www.relakhs.com/best-arbitrage-funds-returns/