I am a NRI and creating a corpus for Contingency Fund around 7 Lacs. I am planning to invest this amount 50:50 in Sweep FD and Liquid/Debt Fund. I have picked the following Liquid/Debt Funds and planning to invest in one of them. Can anyone point which will be the right pick?
- SBI Premier Liquid Fund – Regular Plan
- HDFC Cash Management
- Quantum Liquid Fund.
2) Which option should I choose(Dividend/Growth) for better taxation purposes.
Can members please advise on this