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Is Reliance Money Manager Fund good to park my emergency fund?

I had set aside 50,000 as my emergence fund. Im just confused of where to park this fund. Recently had started on “RELIANCE MONEY MANAGER FUND”.

http://www.reliancemutual.com/OurSchemes/SchemeDetails.aspx?Id=197

Is this a good option to park our emergency fund?

Else which all are other options? SB account only?

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