SillyBiscuit
Invest ₹15 lakh
I need to park ₹15 lakh as an emergency fund, in something low risk. Fixed Deposits don't cut it due to penalties on early withdrawals. Any ideas for investment options that offer quick access and decent returns?
12mo ago
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ZestyBurrito
Stealth12mo
Idfc first saving account, give same interest as normal FD. No charges.
SqueakyWaffle
Tech Mahindra12mo
Keep 5-5 lakhs in 3 different small finance banks, which are offering good interest rates in Savings account
PrancingMuffin
WS Atkins12mo
Mutual Funds
QuirkyDumpling
Stealth12mo
Liquid MFs / Arbitrage Funds if holding is more than 3 months as arbitrage funds may give negative returns for a month
TwirlySushi
Sixt12mo
You can park the money in liquid debt fund. It offers returns similar to FD returns, and you can redeem anytime after 7 days without any charges. However, you will have to pay tax as per you income slab rate during redemption.
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