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?

5mo ago

Find out if you are being paid fairly.Download Grapevine

FluffyCupcake

Amazon5mo

Trying Arbitrage funds, returns similar to liquid funds, taxed as per equity.

DancingLlama

Uber5mo

gotcha, is there a platform you prefer to invest in these?

FluffyCupcake

Amazon5mo

I would recommend you to read more about the instrument before taking the bet. You can choose any MF platforms like Groww, Angel One etc

BouncyWaffle

Tredence5mo

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

Uber5mo

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

Tredence5mo

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.

SquishyHamster

Stealth5mo

DancingLlama

Uber5mo

Well it is safe to keep money there, but couple of issues I have seen.

If you need money before the tenure ends, you get no interest.

DancingLlama

Uber5mo

Returns are okaish.

SillyBiscuit

Pharmeasy5mo

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

Salesforce5mo

Fd, and some amount in Bank salary account

Discover more

Curated from across

Personal Finance8d

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?

Personal Finance14mo

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...

Comments

At least 3 months of expenses, plus some emergency funds. Unless you have an account in some obscure small bank, don...

Going through this thread, I feel to be in minority. I keep atleast 20L in my bank account for any emergency funds/me...

I do have about 5L in my bank account (10% of savings). But intend to bring it closer to 3-3.5, I do feel anything be...

Personal Finance13mo

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...

Comments

Hookers and Coke, go enjoy life

1. Sip in Mutual funds - at least 10-20% of salary 2. PPF if not invested in lump sum during start of FY 3. Inve...

Park in cred mint or mobikwik xtra 50% in mf and 30 % in above

Ask a question on Grapevine.

Get the app on Android or iOS.

Privacy Terms

Guidelines Help