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Useful articles for your finance management by our team of experts

liquid fund choice

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Question:

I strictly followed financial blogs on net and started to have emergency fund for myself few months ago. Now i have 3 months expenditure ready in my hand.Unfortunately it is not earning any interest for me since i kept in my wardrobe. Actually found no time to plan for that. Now i want to park it in any good liquid fund. I dont want to keep it in savings account. Question is how do i choose a good liquid fund? And what are the implications? Please advice.

 

Answer:

You may consider parking your emergency fund in a bank multi-deposit account and/or a liquid mutual fund.

 

Liquid mutual funds are good investment option for near-term (upto 6 months) cash requirements. The interest earned on the same is little higher than bank savings account.

 

You may find this useful:

http://www.investmentyogi.com/investing/liquid-funds-an-ideal-option-for-short-term-investments.aspx

 

 

 

 

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