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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?

4mo ago

ElonMast

Amazon4mo

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

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Uber4mo

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

ElonMast

Amazon4mo

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

ERENYEAGER

Tredence4mo

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%.

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Uber4mo

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.

ERENYEAGER

Tredence4mo

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.

sundaydogparkenjoyer

Stealth4mo

zepto

Uber4mo

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.

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Uber4mo

Returns are okaish.

Blahblah_blah

Stealth4mo

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

Dekisugi

Salesforce4mo

Fd, and some amount in Bank salary account

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Curated from across

GeekAzoidStealth8mo

Where to invest emergency fund

I have lump sum of 3.6 lakhs in my savings account. Pls suggest where to invest it.

I am thinking of 50% of lump sum invest in FD and 50% of lump sum in liquid funds.

FunnyBonesPlivo13mo

Or get it on the stores.

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Where to invest emergency fund

[Thread] How much are you comfortable keeping in ur Bank account?

How much money of our savings should be kept in FD/emergency funds as equity goes to long term?

Short term investments

Savings break-down