Mutual Funds

Invest in Mutual Funds

The best mutual funds for emergencies 👇🏽

Emergency funds are crucial!!

⚠️You should have at least 6 months of expenses parked away for a rainy day.

For example, if your monthly expenses are 30k, then your EF should be at least 1.8L. This money should NOT be in stocks or equity mutual funds.

➡️ You can consider Ultra Short Duration Funds. These are very safe debt mutual funds that invest in high-quality bonds maturing in just 3 to 6 months.

Here are 3 excellent Ultra Short Duration Mutual Funds in my opinion, based on 7 selection parameters

- Nippon India Ultra Short Duration Fund
- ICICI Prudential Ultra Short Term Fund
- UTI Ultra Short Duration Fund

Based on data currently available on valueresearchonline.com and advisorkhoj.com. The funds are in no particular order.

Selection parameters used:
- Performance
- Star rating
- Fund age
- Expense ratio
- AMC reputation & fund manager tenure
- Assets under management (AUM)
- Credit Quality

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