However, we won't be able to comment whether they are suitable for you because you have not shared your profile with us. Investments are picked up on the basis of goals, investment horizon and risk profile. Without these details, it is not possible to comment on your schemes.You should have an emergency fund that would take care of your living expenses for at least six months. You should keep most of the fund in a bank deposit so that you can access it instantly in an emergency. You may also keep a part of your contingency fund in liquid funds with an instant redemption facility.

Source: Economic Times February 07, 2018 06:22 UTC