Emergencies warrant hassle-free cash flow, which help you cater to immediate expenses. If you’re looking for funds to secure your money for emergencies, you can look for some of the best emergency fund options for investing your money.
Here’s a lowdown on some of the best emergency fund options for you to invest your money:
Liquid funds enable you to invest your money in short-term Government certificates or securities. You can withdraw money from these funds at any time, but it can take about 2 to 3 days to gain complete access to your money.
You can opt for a high-yield online savings account for parking your emergency funds too. Online accounts help you get higher interest than brick and mortar accounts, as online banks don’t have overhead expenses. However, you’d have to know how to access your money during emergencies.
You can expect greater liquidity with mutual funds, and higher returns. However, there’s always more risk with mutual fund investments as you may not always get assured returns. This is because your returns are linked with market forces, which is why there may be chances of loss of principal too.
Instead of investing in these alternatives, consider investing in Bajaj Finance Fixed Deposits. Contrary to popular myths, fixed deposits can be withdrawn before maturity. It may result in loss of returns, but you can avoid them by availing a hassle-free loan against fixed deposits with easy application processes. Thus, you can tend to your emergencies and ensure sufficient cash flow too!
Any doubt? Calculate Your Maturity Amount to know whether you are going to take right decision or not. Feel free to visit Bajaj Finance Customer Care in case of any confusion.
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