It sounds fine when Institution investing in debts of Mutual Funds from 1 to 90 or 180 days in overnight, Liquid and ultrashort duration but Retail investors( individual) who kept his investments in debts of shorter duration to meet the emergency expenses is not a fruitful decision.
Many fund house RM & financial planer advice retail investors to keep emergency funds in ultra short or short duration fund for unforseen events BUT Its Credit Card which should be used for to meet the need of an emergency funds instead of puting hard earning money into Mutual funds for shorter durations.Place the funds into longer duration of equity so that interest compounding works in favor of Retail investors.
President, Mercantile Mergers & Acquisitions Corp
9moA subject we have been waiting for.