Can you suggest best fund for emergency corpus

My First Aim is to keep aside an emergency fund of Rs 3 Lakhs minimum and finally increasing it to 5 Lakhs. Currently I have around 2 Lakhs in Equity and 1.7 Lakhs in Debt Funds. Is Balanced Fund a good option for keeping emergency Corpus or it should be Debt/Liquid only? Can you please suggest best fund for keeping Emergency fund?

Apr 9, 2017 by Avdhesh, Netherlands  |   Mutual Fund

Balanced funds are not at all a good option for keeping or creating an emergency corpus. Balanced funds are ideally suited for investors with moderate risk profile having investment horizon of 4-5+ years.

For creating an emergency corpus, you should invest in liquid funds. You can invest in Birla Sun Life Cash Plus, Kotak Floater Short Term or HDFC liquid Fund. To see a comprehensive list of top performing liquid funds, please check this link https://www.advisorkhoj.com/mutual-funds...

Hope the above helps. Thanks for writing to Advisorkhoj

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