What would be the best Saving Fund

The difference between ‘saving’ and ‘investing’ lies in the fact that investing would entail a certain degree of risk taking with the intention of earning higher compounded returns over long time frames. The act of saving, on the other hand, entails accumulating money safely for shorter term needs. Even putting money away in a piggy bank every month is an act of saving money, though not very value creating! The best fund for saving (not investing money) would be an equity savings fund, which provides a tax efficient way of potentially earning “fixed income-plus” returns, without taking a large risk on your capital.