I heard emergency funds are important and should have at least 6 months of our salary which should be invested in Liquid mutual funds. These funds should be invested in liquid funds because we never know the usage of these funds upfront.
But having such a huge amount (4,00,000 – 5, 00,000) in liquid funds which even doesn’t give us 5% – 6% PA and doesn’t match the inflation rates.
Any ideas where these funds can be invested?