Tagged: money market and liquid funds

Best alternate of Savings Account 0

Best alternate of Savings Account

it is neccessary to search alternate of savings account because they give low interest rates.We all keep some cash in savings accounts for day-to-day expenses for liquidity and convenience. Now, with interest rates as low as 3.5-4 per cent, it is unwise to keep a large sum of money in savings accounts, as considering inflation, one is actually earning negative returns. That is why experts have started asking people to keep minimum cash in savings accounts and park the rest in better alternatives. “Ideally, 15 days to one month expenses are good enough for savings accounts, especially as there are instruments like credit cards for emergencies.”

mutual funds introduction 5

Mutual Funds An Introduction

I have discussed mutual funds in the post overview of All the Instrument Present in the Indian Economy , 80C Instrument and A financial guide...