Mutual Funds

Importance of an Emergency Fund by Mr. Arun Sundaresan

Watch this YouTube video on the importance of an emergency fund explained by Mr. Arun Sundaresan, Co-fund Manager & Head-Product Management at Nippon India Mutual Fund. 

Summary – Importance of Emergency Fund

  • During this pandemic, one most important things we have realized is that everyone should have is an emergency fund.
  • Emergency fund is an amount needed for unforeseen expenses. Regardless of the fact that one has insurance.
  • In case of an emergency, one should have money to fall back on. 
  • Money should be available whenever needed, so it should be invested in highly liquid assets.
  • At least 3 months of your household expenses can be parked in liquid money market funds.
  • Nippon provides a feature called anytime money card. This card works as your bank debit card. Can be used anywhere. Like a bank account you have your Mutual fund account.
  • Tarrakki has partnered with Nippon India Mutual Fund to build Tarrakki Zyaada. Now avail the benefit of Anytime Money Card by investing in Tarrakki Zyaada on the Tarrakki appiOS and Android..

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