I was really really looking for this, I knew I need to have an emergency fund, but how what amount, I knew nothing. Thank you so much for this video. You're a gem.
IDFC Bank gives 4% Interest on Savings Account Balance below 1Lac and 4.5% for balance between 1Lac and 10Lac. Presuming I have saved 2Lac in an IDFC Saving Bank account, I can essentially earn 4.25% pa. How are these Debt Funds beneficial which gives around almost the same %, mostly below that? And there are many other banks as well who offer such high savings interest rate. And I presume such savings account would still have a lower risk threshold than any debt fund or corporate bond and also ~100% liquidity. What am I missing here?
FD in Paytm Bank, higher interest rate & no penalty on premature withdrawal. Instant withdrawal ... works great. Better than just parking it in Saving account if not used for a long period of time
@@vedantmomaya1533 Cred is peer to peer within high credit score individuals, whereas Paytm is a proper bank. I'm sure they will have the backing from RBI for defaults
@@kamathsonline yes sir it is a payment bank backed by indusindia bank.... And insured upto 1 lakh deposit in DICGC . I Have been using Paytm FD , yes it is super cool
Hey Shashank, can u do a weekend research on Building Materials Economy and Stocks. As recently, Saurabh Mukharjea on ET said that the economic growth is global, broad based and strong and so the best bets will be high quality financial services and lenders. He also said slightly risky but rewarding real state recovery via building materials. Thanks for your knowledge sharing.
Hi Shanshank, I am started Investment in MF at the age of 35 years and made a lot of mistakes in the past. However , I want to learn from scratch and became financial literature. Please help me from where I can start to learn. I like your video as well because it always informative and well structured.
Isnt the point of Emergency fund to provide security in times of distress? Gold prices - are also volatile in that sense. ETF - also volatile, Cash se acha liquid fund hai (max 10 percent hosakta hai yaha), debt funds also go up and down depending on the market conditions. I think the only safe place for emergency fund is cash(10-20%), liquid funds(remaining). The best way to build emergency fund: > Invest lumpsum amounts from bonuses, etc in this.
@@ShashankUdupa1 An aspiring investment banker myself, maybe you can put up a video next on the steps to become an IB, requirements and most importantly, the edge you need to have, like I believe you do. thanks, i’ll be the first viewer on that video.
