Dear Friends,
I need your suggestion on building Emergency fund of my 3 months monthly expenses (around 2 lakhs rupees). After reading existing links, I came to know about following three options:
1) Monthly investment in liquid funds for existing AMC
2) Opening of a Sweeping FD account
3) Opening of a RD account.
Investment amount: I can invest 2ok monthly to build this emergency fund.
Questions:
1. Kindly suggest which option is best suited for me according to my portfolio as mentioned below.
2. If your suggestion is for liquid fund, then which fund should I choose to build this EF.
My Financial Portfolio:
1. Already have one Term Insurance
2. Already have PPF investment.
3. Mutual funds (SIP) is following funds:
– Franklin India Bluechip fund (G)
– HDFC Equity Fund (G)
– SBI Emerging Business Fund
4. Tax slab 20%-30%
5. Having Home loan of 20 lakhs
Many thanks in advance