New Delhi: Over the last one year period after the outbreak of the coronavirus pandemic a large number of people are facing financial difficulties from job losses and pay cuts.
Gold is a volatile asset and there are chances that you may not realise your invested capital when you sell it to meet your emergencies.
In contrast, instruments like savings bank account, fixed deposit and liquid funds, overnight funds are the most suitable to park your emergency funds.
Then the first month’s expense should be parked in a savings bank account, second and third months’ expenses should be parked in a fixed deposit and the last three months’ expenses should be parked in a liquid fund.