Which Debt fund is suitable for saving money for Emergency fund?

POSTED BY waris ON January 3, 2014 12:22 pm COMMENTS (6)

Hi,
After reading many posts in the forum i have realized the need to build an emergency corpus. I want to start an SIP for this purpose. Can anybody suggest a fund for the same. I am assuming that it will be a debt fund but since there are many types of debt funds i am not sure which is the most suitable for building an emergency fund and then parking it there.

Thanks

6 replies on this article “Which Debt fund is suitable for saving money for Emergency fund?”

  1. waris says:
    January 5, 2014 at 2:30 pm

    thanks for the link.

    Reply
  2. waris says:
    January 4, 2014 at 2:35 pm

    Hi,
    Could you explain what is sweeping FD facility. Is it possible to start it using onlinesbi account. Can i make deposits every month in that?

    Reply
    1. Manish Chauhan says:
      January 4, 2014 at 6:54 pm

      You can read about it here – http://jagoinvestor.dev.diginnovators.site/2011/03/auto-sweep-bank-account.html

      All the banks have that facility

      Reply
  3. ashalanshu says:
    January 3, 2014 at 11:02 pm

    Dear Waris, how about parking the money in SB account with sweeping FD facility?

    Thanks

    Ashal

    Reply
  4. ashalanshu says:
    January 3, 2014 at 12:57 pm

    Dear Waris, please start parking your money in your Sb account as first line of defence.

    Thanks

    Ashal

    Reply
    1. waris says:
      January 3, 2014 at 2:27 pm

      Dear Ashal,
      I want to make sure that i am not able to spend that money. If i keep it in SB account then there is always a chance that i will end up spending it.
      🙂

      Reply

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