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  • News From Press Put emergency corpus in liquid funds for quick availability, safety

    Put emergency corpus in liquid funds for quick availability, safety

    Source: Mint Jun 6, 2019

    I am 25 years old and want to start building a retirement and an emergency corpus. Which mutual funds (MFs) should I invest in for this and what should my investment plan be?

    —Rohan Kishor

    At such a young age, you have the luxury and flexibility to plan and put together a long-term aggressive portfolio for your retirement. However, ahead of that, you have the right idea to build an emergency fund that will help you when you need money in any unforeseen situation. Please build a corpus worth about six months of your salary for your emergency fund, and put them in liquid funds—both for safety and quick availability. Once you have done this, you can start investing all the remaining post-expenses savings in an SIP portfolio that is built for the long term.

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