Inputs & Parameters
Personal FinanceRent, Food, EMI, Bills, Insurance
₹
Cash in bank, FDs, Liquid funds
₹
Risk Factors
Recommended Fund
3 Months
You should aim for a corpus of ₹1,20,000 based on your current lifestyle and risk profile.
Coverage Progress42% Achieved
Target Amount
₹1,20,000
Remaining Gap
₹70,000
Why 3 months?
Base requirement for stability: 3 Months
Action Plan
1
Check Liquidity
Ensure your current savings are accessible within 24 hours.
2
Automate Transfers
Set up a recurring transfer to a separate "Rainy Day" account.
3
Review Insurance
Adequate health insurance can reduce your required emergency fund.
Foundation First
An emergency fund is the base of your financial pyramid. High-return investing should only start after this base is secured.
An emergency fund should be kept in highly liquid instruments like Savings Accounts, Liquid Mutual Funds, or Sweep-in FDs.