Once your equity portfolio in crores no need to keep separate emergency fund. Emergency fund 12 months of expense can be managed from equity portfolio when it is very big.
depends on size of portfolio. for example I have a portfolio where I have shares of Colgate, Siemens, ...etc. bought 45 years ago..so it can be my emergency fund. Not sure for everybody..I also have a credit card with a limit enough to cover any medical emergency....so different strokes for different...
Only FD. Now a days IDFC first giving 7% in saving account above 5lacs.
Thank you Sir
Noted sir . Thank you sir.
धन्यवाद गुरु जी 🙏
Once your equity portfolio in crores no need to keep separate emergency fund. Emergency fund 12 months of expense can be managed from equity portfolio when it is very big.
What would you do if you need money today but it's a Friday and Market is closed. It will take 5 days to get you money
@@jishnu18with crores in equity, can have credit card easily with 10-20lakh limit and can be used as emergency fund.
@@jishnu18 will use credit card for 5 days...upto 45 days I can use.
you are absolutely right....
@@SUBRAMONEYPV thanks for your confirmation
Can a nifty fifty index fund be the emergency fund?
Are you crazy? No
depends on size of portfolio. for example I have a portfolio where I have shares of Colgate, Siemens, ...etc. bought 45 years ago..so it can be my emergency fund. Not sure for everybody..I also have a credit card with a limit enough to cover any medical emergency....so different strokes for different...