ValueFirst Investments

Emergency Fund : What It Is and Why It Matters
An emergency fund is the money set aside to pay for large and unexpected expenses.
Such as:
1.unforseen medical expenses
2.Unemplyoment(Many of them lost jobs during covid)
3.other unexpected expenses

How much should I save ?

Good rule of thumb is to have enough to cover 3-6 months’ worth of living expenses
Eg: Monthly Salary is Rs.50k
Emergency fund = Rs.50k * 3= Rs. 1.5 Lakhs (Minimum)

Where do I put my emergency fund?

It recommended to keep 50% fund in savings account and 50% of fund in instant redemption liquid funds where it will give returns little high compare to bank savings account and also can withdraw Rs.50,000 or 90% whichever is lower instantly that credits to bank account

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