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Ask EP 196 - Instant Withdrawal Facility From These Mutual Funds

Original: Ask EP - 196 You can get Instant Withdrawal Facility from this Mutual Funds!

159.7K views · Nov 17, 2024 · 33:20 min · Watch on YouTube ↗
Takeaway

Overnight mutual funds with instant withdrawal beat savings accounts for parking salary or emergency money between EMI cycles.

Summary

  • Recommends using the current market correction to add to fundamentally strong stocks: housing finance, 5G, power, diagnostics, private banks and IT services
  • Lists overnight/liquid funds from AMCs like Nippon and ICICI that offer instant withdrawal up to Rs 50,000 or 50% of fund value
  • Strategy: park idle salary in an overnight fund right after credit, withdraw 2 days before EMI date to avoid bounce risk
  • Same instant-withdrawal funds work as a parking spot for IPO/emergency money, earning ~6-7% vs 0% in savings account
liquid fundsovernight fundscash management
Original description
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