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:

    thanks for the link.

  2. waris says:

    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?

    1. You can read about it here – https://www.jagoinvestor.com/2011/03/auto-sweep-bank-account.html

      All the banks have that facility

  3. ashalanshu says:

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

    Thanks

    Ashal

  4. ashalanshu says:

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

    Thanks

    Ashal

    1. waris says:

      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.
      🙂

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