Money market funds outshine liquid & overnight funds in May. Time to rethink emergency fund strategy?

In May, money market funds in India saw inflows, while liquid and overnight funds experienced outflows. Association of Mutual Funds in India data shows money market funds attracted significant investment. Experts attribute this to a stable macroeconomic environment. Vishal Dhawan suggests investors review their emergency fund strategies. He advises considering money market funds for higher yields if appropriate.