by WobblyBananaNatWest Group
Best way to keep liquid funds.
I wish to create an emergency fund for my 6 months expenses. Let's say around 3 lacs. Should I opt for FD or some savings account with a high interest rate?
DancingLlama
Where do you keep your emergency fund?
Currently most of my emergency fund is in FDs. Was planning on storing in multiple options. FDs are not even beating inflation these days.
Have seen people keeping multiple tranches of emergency funds. combination of Multiple FDs in different banks, some in Liquid funds and some in bank account.
What’s working for you? Need more insights on this?
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FluffyCupcake
Amazon10mo
Trying Arbitrage funds, returns similar to liquid funds, taxed as per equity.
BouncyWaffle
Tredence10mo
Since iam young iam going bit aggressive style investing in Emergency fund by Sip in Midcap 150 index Fund. By Keeping in my mind it takes around T+1 day to get money. But it's generating minimum returns from 15-25%.
DancingLlama
Uber10mo
Well I like your spirit.
But I would highly advice against keeping your emergency fund in Market linked assets. There is a reason it’s called emergency fund.
But it also depends on if you have any liabilities.
BouncyWaffle
Tredence10mo
Yes I agree it's bit risky. That's why I choose the least risky Passive Mutual fund index compared to other equity based investments.
SillyBiscuit
Stealth10mo
The fact about getting no interest once you remove prior to tenure, is false. You do get some interest but not as much. I've made an FD in my dad's name as hes senior citizen - I'm getting 8.6% interest which I'm fine with given it's an emergency fund and not really an investment
SillyPenguin
Salesforce10mo
Fd, and some amount in Bank salary account
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Personal Finance19mo
by FluffyNuggetPlivo
[Thread] How much are you comfortable keeping in ur Bank account?
As u guys know only 5L is insured, I want to know how much you’re comfortable keeping in account? Maybe someone’s living expense could be 10L a year and they are okay with keeping that as emergency fund liquid, just an instance. But give...
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At least 3 months of expenses, plus some emergency funds. Unless you have an account in some obscure small bank, don...
Personal Finance17mo
by GigglyPotatoSlice
What should I do with my money
Every month my salary gets credited I barely spend 20% of it the rest of it is just sitting around in my bank account it's already above 5L. I keep thinking of investing it in stocks/mf but it's a lot of work 😔
What do you guys do w...
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Hookers and Coke, go enjoy life
Personal Finance19mo
by ZestyDonutKPMG
Savings break-down
What is your preferred approach for safe keeping your savings?
How much would you allocate for emergency fund? How much would you allocate for investment (shares/mutual funds/ gold/ bonds)? How much would you allocate for dead assets (p...