How to build an emergency fund in 2023?

[@kaustavsaha9842]

1. Savings account - with sweep in. 2. Corporate Debt Funds 3. Liquid Funds

[@Abhisharma7]

1st 50% 2nd 25% 3rd 25% Money distribution

[@chhavikantsingh]

I lost my job during pandemic in march 2020 and I had only 5k in my back account post that i was job less for next 9 months and fast forward to 2023 I bought my own house ... Have 10 stocks worth 10 Lakhs & mutual funds of 5 Lakhs ... On top of that I have build emergency fund of 12 months of my expenses... I build it using equity booked profits from few stocks and kept of rebuying the stocks at later stage but one thing is for sure you have to have that discipline for multiple years or months...to get this you won't get this over night of just by watching videos

[@Groww]

Emergency fund sheet (Go to File --> Make a copy --> Edit the new sheet as per your numbers): docs.google.com/spreadsheets/d/1bqeNnTrMrEpCewwjMWPnjVol7Hcr5tJajgKk71JJUOM/edit#gid=0

[@metallicsigma]

is instant liquid fund redemption possible on groww?

[@keerthi3086]

Thanks. I have tiered my emergency funds that can cover up to 2 year of expenses as follows: Savings Account, Liquid Funds, Money market Funds, Arbitrage Funds, Conservative Hybrid Funds, Multi-Asset Funds, Index Fund. The last two takes on risk but would be the last to go to for emergency.

[@user-jc6te1vm8v]

The last four actually ... They all goes into equities ... Arbitrage may not sound buy technically they are into buying and selling equities

[@vignesh0208]

Thanks a bunch. I've been reading through dozens of articles talking about emergency funds, so a lot of the things mentioned here were familiar. But this essay allowed me to organize all that data in a cohesive manner. 👍

[@rohitmule3629]

I suggest keep at least 5% money as cash in order to compensate for cash conversation issues with liquid fund.

[@JackSordakaPVS]

Thank you so much for this information, Groww. I wish I had this knowledge 4 years ago... 🙏🏼🙏🏼🙏🏼

[@SkIbrahim-zp7yy]

Thanks for valuable knowledge

[@vishaldubey2]

Fun fact :- most of the viewers have no fund for fullfilling their wants and see the video of emergency fund.

[@rjarora]

How can you claim this? Are you an all-knowing God?

[@dhavalkushal2070]

Ha😂

[@logical_thinker14]

Not so fun fact for u : Stop assuming things, everybody is not like u 😂

[@SauravDocs]

Fun fact :- Everyone is not you and that's why you are living a toxic life

[@amitsrivastav3902]

That's true for me😢

[@gtech2798]

You are A rising Star ⭐️ on grow channel ❤

[@gaurangibhatt654]

Its a very very imp topic.. Background music should not b there

[@vijaykandpal9777]

Bhut hard calculation hai... Iska liya excel sheet ko jurut hoti hai... Thanks a lot mam

[@harmanvirk5777]

I will create my emergency 🆘 fund now, Thank you mam for this information ❤

[@ashutoshgupta321]

Thankyou for such valuable inputs on where to park emergency fun. You guys are doing great job..😊😊

[@vijaysaravate]

Very nice information

[@vijaysaravate]

My salary is 28000 how can I do emergency fund

[@amolpatil1071]

Very good video and cleared everything on emergency fund. Thank you

[@sauravnath459]

thnku mem such a valuable information... ❤❤

[@krunalshah888]

Very nice 👌video

[@amarnathkulkarni7806]

Good info CA Alina, and Credit cards can also be for some time when it comes to liquidity issue.

[@newcreativejuber2128]

Thanks aelina ji 😊

[@anoshgaware16]

👍🏻👍🏻👍🏻👍🏻👍🏻🌹🌹🌹👌🏻👌🏻👌🏻👌🏻👌🏻👌🏻 Nice.... Aleena....Mam

[@hsp8110]

thxu for instant motivation, I really appreciate.. long live..

[@ajmulsarkar5606]

I'm manage my emergency fund combine method. Like auto sweep saving Account+ Liquid direct fund.

[@abhijitsingha6468]

Bahot sudar trike se aapne samjhaya. aapki bolbe ki skills Bahot a66a hai. Thank you Aleena mam❤

[@vivekvs1992]

The idea of sweep in is nice but may not be activated all the time. Won't putting in multiple smaller fds help in a similar way?

[@Vishal2005.]

Thank you so much mam for information

[@Saurabh011012]

Nice information madam

[@therealeditsking3365]

Is video me full detail me pta chala ke ha emergency fund kya or kyu or kaise , sub pta chal gya bus ab is information ko apne emergency fund create karne me lgana hoga

[@ashimsarkar6565]

It's too much important for all of us... Thanks a lot mam... Very informative about emergency fund..✅️

[@naveenpharswan4123]

Awesome video. Nice suggestion. 😎👌👍

[@adnanshaikh810]

Saving account is Good Suggestment.

[@milindkhadse556]

Helpful information

[@1998MA]

This performance linked bonus must be implemented for Central Government employees also, some work so religiously and some just lazy as sloth, but year end both will get same. If implemented our government office will function more efficiently than before

[@sachinvlogs2155]

Thank you

[@subhankarghoshiim]

Anu also need to buy gifts for Diwali and book flight tickets to visit hometown. That additional 60k is gone now 😢

[@KyariKatha]

If Anu skips that for a single year her family and relatives will be more than happier knowing the reason dear 😊

[@ranjeetoberoi7040]

Very smart and simple advice Thank you

[@swapnilgajbhiye1615]

Thanks

[@shaikrafi1614]

Thank You Alina mam

[@Biru47]

Thank you mem......

[@abhinavbanthiya1551]

Great video Mam

[@SukrutHassamanees]

❤🎉 Great video...study done was really helpful.

[@vipulchauhan3377]

Excellent information

[@shabbirbagawan7013]

Thank You Madam 😊

[@MasterMohitKumar]

good thank you

[@rohanroyroy3883]

Very good information😊🙏

[@pankajonair]

Very good valuable information. 👌💯 Your speaking skills are very good. Your ❤voice is beautiful. And well explained. ❤✌️

[@vivekdesu6603]

Very nice video

[@manjaysahu6903]

Thankyou so much ma'am

[@negi.sachin87]

Thanks.... much needed this.,,, but i think saving account with fix deposits are not that good option

[@praveendubey3395]

Outstanding video jay hind

[@jhabruthecat4418]

Informative video.

[@KunalShah-ch1vl]

Some funds can be even moved to FDs and can be broken in case of emergency

[@sanketnegi1]

Sweep in provides this facility that too with better liquidity

[@KunalShah-ch1vl]

@@sanketnegi1 yes. Activated kotak activ money with kotak811 account. Really good

[@13iam_ravi]

What about ELSS MF to keep emergency fund..i started in oct 2019 with 20% of my salary and keep invested till oct 2021 in mirai asset elss. Today it has given me good return on my invested amount and as per current value it is my 20 month Emergengy fund and it will still go upside.

[@tushardlv5]

You are just lucky Because you invested before and during covid pandemic.... So your returns must be High

[@bluepurplepink]

ELSS MF are not good for emergency fund because of the 3 year lock in. Ideally an FD or Liquid/Debt Fund is better. Or you can also mix in some gold to diversify your emergency fund. The crucial thing is that it should not be too complicated and almost instantly redeemable. Plus it should survive through a severe recession like 2008 or COVID

[@babahimachali]

You didn’t mention about taxation. Debt funds will be taxed as per your tax slab so be careful when investing in such funds.

[@dhruvkapadiya2083]

What about inflation??? And best option to invest is purchasing gold.. price will grow with time and also it is highly liquid. After six/12 months time a person can have a good emergency fund so gold is way better...

[@pratikshah5790]

SGB??

[@saurabhawasthi4318]

3 months of expenses currently & building slowly.

[@yashmodi8026]

maam what if i can invest in gold in emergency fund. nice video

[@Lakshmi_Na_kumar]

Thanks 🙏

[@prakashkhandelwal3959]

Very nice video 👍

[@pradyumnverma7114]

Thanks Groww, Thanks Aleena… Very Informative…

[@commercespot1763]

Groww hame grow kra kr hi rhega

[@worldfootballarena4614]

But why is the lady talking in a sexy tone when talking about Emergency Fund?

[@ankitgambhir647]

Nice video

[@rahimansari316]

Thank you

[@shubhamsawarkar39]

Please suggest best liquid fund and corporate debt fund

[@arupkrbasak3133]

You ll success 💪

[@aniketmodak488]

Monthly Income Plan also can help.

[@prita7936]

Pls cover Patanjali Foods.

[@bhargavjai1217]

2024 me dhek ne vala kithane log he😂

[@vishnukantvishnukant3044]

NPS Tier II also have better liquidity and bond option.

[@AmanKumar-ig8je]

❤❤❤ excellent

[@agnivdey]

Liquid Funds and Bank FDs is what I prefer.

[@TheBankerrajendra]

FD which should be short in period and they are high in returns

[@anshulbisht85]

Paytm fd

[@KunalShah-ch1vl]

Kotak bank 180 days fd

[@sudhirverma5929]

How to invest in corporate debt fund & liquid fund????

[@PSfulance]

Very nice

[@vishalpendor6336]

Liquid fund is the best option

[@withroni42]

Share bhi kar diya

[@24381498]

How would be saving the emergency fund in ULIP?

[@abhinavsingh3045]

Hey what if I want to withdraw my money from a liquid fund on the 100th day. How does that work? Can we do that?

[@princessbarbie1317]

best liquid fund ka b example de dete

[@saurabhawasthi4318]

Bank Fd is the best instrument for emergency fund. You will get money in seconds.

[@junkabcjunk]

I think you should consider removing or lowering more the background music, that is more distraction than being helpful in driving your point home.

[@8_by_8_battleground]

NPS ka T2 to hai na ek option to park emergency funds? No lock-in, withdrawal bhi ho jaata hai jaldi se, achcha return bhi generate hoga, and if necessary, units can be converted to T1 as well. Am I missing anything?

[@asutoshghanto3419]

tax

[@8_by_8_battleground]

@@asutoshghanto3419 Agar Emergency aaye to hi tax dena hoga na. Because you'll only redeem the units in case of emergency? And to reduce the tax liability, jitna necessary hai utna hi redeem kar sakte hai na?

[@user-jc6te1vm8v]

T2 can only be opened if there is already a T1 account running ... Moreover, NPS invest the money in equities which by nature is volatile ... You may have to book loss which you ideally won't want from an emergency fund

[@hakim5939]

Caution: Don't put your emergency fund money in Corporate Bond or Banking and PSUs because they are slightly volatile in nature instead put it in Floater funds they are not only less volatile than bonds and PSUs but also their returns are better than them.

[@nobuffer-indef]

50% sweep in, 25% arbitrage and 25% aggressive hybrid funds for me

[@JivShastra]

Emergency fund ke paise fd me dale to uska return inflation se comparable hoga kya

[@Stocksamrat]

So nice

[@iSohitSharma]

The video all about agar Yeh agar woh!! Agar festival Mein Rs.10000 mil jaaye. Agar Rs.50000 bonus mil jaaye. Agar life itni Agar se chalti toh Emergency Fund ki shayad zarurat hi na pade. Kyunki Agar Mein Kabhi bimar na padu. Agar meri job kabhi layoff na kare. I do admit we should have Emergency Funds but I was watching this video to get a better way of saving funds. Not dependent on Agar!!!!

[@shubhambalaji]

Mam what if I have OD credit limit available! Can this be considered as emergency fund?

[@ayushtherealhero08]

What about FD?

[@dharmendravavliya]

Jabardast

[@vivekgoenka5858]

Mam how about Edelweiss arbitrage funds it gives returns as liquid fubd but have better post tax return what fo uou suggest mam

[@JIGNESHSAWALIYA]

10000 festival gift😄😄

[@hirani1826]

Can you help me in investing my funds in Shares and SIP

[@metallicsigma]

does groww allow instant redemption from liquid funds?

[@Groww]

Hi, The time taken for the redemption of the liquid fund is T+1 working day. To learn more click on this link: groww.in/help/mutual-funds/order/how-long-will-it-take-for-my-redeem-amount-to-reflect-in-my-bank-account-groww-balance--16 Thank you

[@metallicsigma]

@@Groww thank you. does groww store mutual funds in demat format or soa format?

[@pradeepdas8104]

Why not FD and RD for building Emergency Fund?

[@hakim5939]

FDs are already covered in Auto Sweep point.

[@neena775]

What about fd

[@namanmahajan5317]

Why is your voice a ASMR experience?

[@pulakverma1670]

I kept things SIMPLE with FD 😜 + Credit card 🧐

[@ShubhamKumar-fi1kp]

can we use T-bills for emergency fund ?

[@Tushar544]

No because it locks your funds