Plan for Emergency Fund
Jab Emergency Fund Ho, To Tension Ki Kya Bat hai...
Creating an emergency pool can be very handy in tiding over bad times and mutual funds can play a huge role in building this pool and managing it smartly.
Why is having an emergency fund important?
Building an emergency corpus is necessary because you are bound to need money during unexpected or unplanned scenarios. It may be considered as an essential part of an investor’s portfolio as this fund should hold the potential to help an individual recoup during financial shortfalls. An emergency fund is a fund on which one should be able to rely on without having to worry.
How to build an emergency fund?
Well, it all depends on how much money you have with you and how much of that you are willing to immediately allocate to an emergency fund. For example, if you want to keep around Rs. 1.8 lakhs in an emergency fund, you can either make a lumpsum investment in a liquid fund (if you have that much cash already saved), or you have the option of starting an SIP investment.
VYASmoney allows you to make small investment at regular intervals to help you achieve your dreams.
Plan your goals, understand your investment personality, and get a curated list of funds that match your needs.