SillyBiscuit
16moby
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?
16mo ago
ZestyBurrito
16mo
Idfc first saving account, give same interest as normal FD. No charges.
SqueakyWaffle
16mo
Keep 5-5 lakhs in 3 different small finance banks, which are offering good interest rates in Savings account
PrancingMuffin
16mo
Mutual Funds
QuirkyDumpling
16mo
Liquid MFs / Arbitrage Funds if holding is more than 3 months as arbitrage funds may give negative returns for a month
TwirlySushi
16mo
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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