April 8, 2013 9:13 am
Dear Manish, the ease of operation & comfort of existing AMC is the reason to opt from existing Eq. based AMC.
there is as such no principle , but that ease the efforts . as such the most of liquid funds/debt funds of prominent/popular AMCs(read in which you are investing tn their eq. schemes, particularly quantum and franklin templeton) are giving almost similar returns over a period of time. it will also make easy for you if you like to switch from liquid/debt fund to your equity fund , or vice a verse..
Could you please elaborate a little why is this principle of investing in same AMC for liquid and debt?
I can think of no specific reason except convenience. If you look at all liquid funds available, none of them have ever given negative returns over a quarter/year. So to a certain extent any liquid fund should do since returns are not important for an emergency fund.
Just pick one which invests in safe bank-related paper. Quantum Liquid as Ashal suggested is a good fund in this regard.
essence is better to park in a liquid /debt fund of AMC whose equity mf you are investing in regularly.
Dear Manish, please park your money in Quantum Liquid fund.
i have total SIP of 13k per month in following funds
Frank India bluechip 5
Quantum long term equity 5
IDFC premier equity 4
Dear Manish, where are your current Eq. MF investments?
Seems like my question content got lost in some technical issue while posting :(…
Writing it again:
I wish to part 40% of my emergency fund in liquid fund (~2 lakhs).
Goal is liquidity, low risk & better returns than FD.
For the same as per my very basic research done “BSL Floating Rate ST” seems decent one.
Based on what I read on this forum following other funds were also suggested
hdfc cash management
Templeton idia low duration
Let me know if I am missing some aspect and should I consider one of the above rather?
Thanks for all the great input you all have provided in past :).
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