You are current age
Your average monthly expense
Inflation Rate
Name of the goal
Select Risk Profile
Your Targeted Emergency Fund
(in today's value)
Your Targeted Emergency Fund
(adjusting for % inflation)
Number of Years
You Need To Save
Monthly SIP Investment
Required
Your Targeted Emergency Fund
(adjusting for % inflation)
Total Future Value
(Scheme Selected Value)
If you wish to link any of the above schemes with this goal, then please check the relevant box/es as given alongside the scheme name.
| Your targeted Amount (Inflation adjusted 5% per annum) | |
| Number of years you need to save | |
| Monthly SIP investment required |
A financial contingency plan is a proactive strategy to secure funds for unplanned expenses, ensuring you have enough liquid savings to cover emergencies like job loss or medical bills.
An emergency fund is a reserved cash buffer worth 3-6 months of expenses that protects your finances during sudden crises and prevents debt accumulation.
The best options balance safety, liquidity, and returns high-interest savings accounts, liquid mutual funds, sweep-in FDs, and short-term debt funds.
The best place to invest in an emergency fund is in liquid or low-risk instruments that let you access money quickly without principal loss, like savings accounts with auto-sweep and liquid mutual funds.
Aim for a financial emergency fund covering at least 3-6 months of essential expenses, or more if your income is variable or responsibilities are higher.