[Query] Slice Savings Account - Safe?

[Dr.AMAN]

Medical, Education and Lifestyle inflation is way beyond 15 > % @Cagr... 😭😭

And rupee itself has lost 6% of its value in last 1yr.🥲

 

[hender]

And rupee itself as lost 6% of its value in last 1yr.🥲

Soon 🔜 REAL Rupees and Kids Rupees have equal net purchasing power

 

[Dashanan]

Anyone able to approve the ipo mandate from slice savings account ? I am getting error each time

Nahi kar sakte
Slice is not authorised for IPO mandate.
Even HDFC new app UPI ID is also not eligible for IPO mandate.

 

[hender]

Nahi kar sakte
Slice is not authorised for IPO mandate.
Even HDFC new app UPI ID is also not eligible for IPO mandate.

New 🆕 Innovations ।

 

[SSQ]

If u r keeping money aside for emergency then yes Debt MFs r fine. Otherwise if u r investing the money to get that extra alpha then debt MFs r a mistake. It is painful to see money rotting at 6.5-6.7% interest in debt MF while the inflation itself is >7%. (And not to mention rupee falling faster than ever). For purely investment purpose we need atleast 7.5% interest which Liquid MFs can never achieve.

Point here is whether liquid funds are an alternative to slice savings account (for interest).

Yes, as @fradela mentioned liquid funds are categorized as debt funds but with short duration maturity. We can redeem the units and some AMC provide instant withdrawal to savings account.

But let's not consider the return or funds as an investment, slice is a good option to have as secondary bank account for small transactions.

 

[Dashanan]

New 🆕 Innovations ।

Check IPO wala thread