Emergency funds are lifesavers. Literally!
It is the only reason you need to park your Emergency Fund in the right investment instrument.
But how do you find the right one?
3factors decide the right investment instrument: Principal Safety, Liquidity, and Return. And the dilemma is always between Liquid Funds and Company Fixed Deposits (Corporate FD).
Which of these is ideal for your Emergency Fund?
Some say, “Fixed deposits are safer than mutual funds.”
Only if you knew Company FDs are unsecured and carries risk.
Some say, “Company FD gets you better returns for idle money.”
We have seen a severe interest rate drop over the past several months. Company FDs are no exception, and they come with a TDS tag as well.
But Liquid Funds, even with no TDS and better liquidity, aren’t fetching great returns either.
So what matters the most?
Or are you overlooking other better options?
Discover the answers to your questions in the video below, as explained by an industry insider:
Skip the queue by registering for your 30-Minute FREE Financial Plan Consultation. Click the ‘BOOK YOUR SLOT NOW!’ button below.
Listen to this article Buying a home is often described as a milestone—but financially, it’s…
Listen to this article For anyone caught in the routine of deadlines, meetings, and endless…
Listen to this article For decades, retirement planning in India followed a predictable script. Work…
Listen to this article Why the most profitable financial decisions are made on quiet, unremarkable…
Listen to this article What if May 18 was genuinely the luckiest day of your…
Listen to this article Most people spend their entire working lives focused on one goal—earning…