Very informative and essential video for the current generation brother. I have 60% of my CTC as an emergency fund deposited in Secure Bonds and FD. The interest I get from the bonds will be redirected to equity which is an added advantage. It took 3 years for me to create my emergency fund and now I feel comfortable and confident since I also have term, health insurance to support me. People working in volatile sectors like IT need to have all insurance and emergency funds. ✌️
@@juzdeepu I have considered various factors like bond type, maturity period, credit quality, it's liquidity demand and risk... Actually it's our personal choice to go...
Secured bonds- always beware of defaulted companies like DHFL, RHFL which had AAA(!!) ratings wherein people lost their total life savings and came to streets. The safest bonds are gilt and SGB issued by RBI. In SGB the appreciation after 8 years is fully tax free.
@@hariniloganathan5893 I calculated in this way.. 10 times of CTC since I don't have any loans from my side. If you are having loans then pls dnt forget to take liability insurance separately and dnt mix it with term insurance. And I did a little research in all AMC by comparing it's benefits, riders, claim ratio, office availability in my city and key aspects... I personally feel Max, tata, hdfc, icici are good in these categories... You can do your own research too ✌️
Very nice explanation! One of the key and important point is to have good Health Insurance. Otherwise, this concept of an emergency fund will get wiped out with one hospital bill!
I was thinking to save some emergency fund since years... But nothing happened... After seeing this video, have a new energy to start d process immediately... Thanks for alarming...
One thing is wrong consider gold also an emergency fund. Any emergency situation occurs in a country gold only used as a international currency when we try to go to other safe countries. Also in history gold can't depreciate remains constant forever whatever situation happens.
Neenga oru finance encyclopaedia bro. Every video i see i feel my time is worth. Thanks for putting so much effort to educate us. Thanni kudichittu pesunga bro
One month without salary also as of now scary for me, RENT and EMI is the major consideration, I will try to complete all my loans this year. will be starting this emergency fund as monthly SIP to RD or FD, Debt free is the first goal of my life 🔥🚀🚀🔥🔥🔥🔥
Very true and out of experience... If you have 3 lakh and if you plan for FD have 6 FDs with 50,000 each or 3 FDs with 1L so that you need to close the complete FD in case of emergency fund withdrawal. Eg. If you have FD for 3L and your need is only 1L it is enough close only 2 50k FD or 1 1L FD and the rest remains. Due to a medical emergency all my finance are drained and I need to start again....which is hard but the good part is I was able to cover expenses with emergency fund without loan. Remember a Medical Emergency in family will show you your real financial status.
Hi bro, please post a video on rebalancing. Like when to rebalance and how to rebalance and which fixed income to choose for rebalancing (like fd,rd,liquid,debt funds)
Hi bro, please make a detailed explanatory video on how to select a mutual fund category wise, goal wise using parameters/ratios like Alpha, beta, Sharp ratio, standard deviation, etc. This would be easy for many who just began investing in mutual funds, your videos are clearer, fast and easily understandable, Great work bro
Superb explanation of importance of emergency fund and where to park the fund. The advantage of liquid fund over FD - if one is 30% tax category, in case of FD, we have to pay the tax for the interest earned every year. But in liquid funds, we are paying the tax for the gain earned at the time of withdrawal, Hence there is advantage of compounding of the money, that too if we don't touch the emergency fund for a long time. Even in liquid fund, we have the option of instant withdrawal of 50000 or 60% of the amount. Next second the money is deposited in the bank account. We can invest in 3 or 4 liquid funds so that we can withdraw 1.5 to 2 lakhs immediately.
Precise and absolutely critical information shared in an easily understandable way to a lay man... me being a finance guy, what you said is 100% correct without a doubt.
Brother excellent explained i truly tell my mind words after watched this video's 200% more peoples it's supported this video no word's for me thanks of lots keep it up i will condifidant India will grow truly because your financial information, because every country backbones is financially plan you guide that ❤❤🎉
Hello Busan.. People are following you because of your genuinity. So always keep in mind to suggest something... Or sponsers videos... Keep the good work. Thanks
Great work. Interacting with audience is one of the best way to grow and connect. Most of the viewers are new to financial savings/investment, etc and answering viewers question will make us engage more to you as you will speak from our situation. Keep it up 🎉
Hi brother... What will happen if there is a technical glitch. Or (sorry to say this) if some thing happened to u, how often ur family members know ur demat account details or process to withdraw money... I think it's better to keep some Portion of money in family members bank account as well...
@@faizulmahadir890 that’s a good point. I have term and health insurance to cover me. But my point of view for emergency fund is 1. If i need money immediately for any important reason 2.incase of job loss or when any thing stops my regular income i will use this funds. And also im planning for reservation fund in IDFC first bank *savings account* as it gives monthly interest (like 3% p.a for 1L and 7% p.a interest for 5L)which would be solving two things 1.any delays or technical issues when drowning out gold ETF 2.generating some small interest trying bet inflation with flexibility to withdraw anytime unlike FD.
Boss, life and term insurances are okay agreeable with you. However, I have come across cases in health insurance wherein the insurance companies are avoiding payments for illness due to various reasons ie. They know how to stop payments towards health claim. Instead of health insurance it's better to make a corpus of 5 to 10 lakhs through recurring or SIP and keep that corpus in an FD which can be broken anytime or keep am OD on FD to use during emergency illness. Our health Insurance companies are cheating the public. Its better to avoid health insurance and instead arrange a corpus in FD as an emergency to meet health needs.
Bro government job la irkavangaluku emergency fund theva padathunu nenaikuren.. avangaluku eatha investment plan podunga bro.. specially for government job peoples ku...
Hi Bro, Well explained 👏 thanks a lot, bro. I have a query, because of trust issues people will not go for small financing banks, In other hand popular banks will give avg 6.5% interest and even some special interest for certain tenure. When I personally analyzed Savings Account interest and FD rates are similar for upto 2 years tenure. Currently I'm keeping EF only in Savings account with interest of 6.5% So here what is best either Savings account or FD !!
Bro Please do a video on Aura Gold. When I search on RUclips lots of videos especially in tamil are purely promotion basis. So please do it as soon possible, many people are misguided.
Hello Boosan Sir..I have query regarding navi nifty50 index tax saver.. which has very less expense ratio of 0.1% where I have a doubt because of less expense ratio this will not perform well or it will..?? I have 2 points to discuss with you please help me out with more clarity on the elss fund.. Point 1 - Wat is the procedure to cancel elss inbetween..?? If yes wat will be the charges..!! If not possible then point 2..! Point 2 - For the next year should I continue investing on the same navi nifty50 index tax saver or else should I choose other elss than this like as IIFL nifty50 index tax saver Expecting your reply on this will be very helpful for me..Thanks in advance
Hi bro I was purchased LIC Policy every month I need to pay the premium of 3.5k at the end of 21 years I’ll Get 18l but comparing the value with sip… LIC policy was not so benefited for me my question is should I continue with lic policy or surrender my lic policy and start my sip ? Please give me a solution
If you believe your current net worth is sufficient to cover your family's expenses and lifestyle for the next one to two decades, then term insurance may not be necessary.
Bro. Monthly RS 159 for Members joining and learning basic lesson rs. 1,321 . What is the difference between this. Please reply. Want to join But i want to know the difference between this two.
No. Emergency funds are only for emergencies. Instead, we should have an "Opportunity Fund," a separate savings fund distinct from an emergency fund, specifically intended for taking advantage of investment opportunities, such as when the market experiences a downturn. This fund is built up over time, similar to an emergency fund, but is utilized for seizing growth opportunities rather than for emergencies.
Awesome Bro.. Your inputs on this video has given me clear idea.. which I have missed in my 40yrs of age.. Thanks...Happy to be part of your subscriber list...
Hi boosan bro ... a small suggestion..... always u r doing a vaulable videos.. if use english sub title, it will be helpfull for other language persons also ... and our community size also ll get increase... 😊
Buy spam-free insurance: bit.ly/3TnmJZ4
Bro! Is this emergency fund we can save with PF? Claim will come with in one week
How do you have 1.89 lakh subscribers only?!...you should atleast have 1.89 million...you are the best bro!
Because he doesn't speak in English.... I came to see but am leaving since I have no idea what he is saying😂
Exactly
Yaru samy nee ivlo naal doubt ellathaium 13 mins la clear panita... Nandri bro
Very informative and essential video for the current generation brother.
I have 60% of my CTC as an emergency fund deposited in Secure Bonds and FD. The interest I get from the bonds will be redirected to equity which is an added advantage.
It took 3 years for me to create my emergency fund and now I feel comfortable and confident since I also have term, health insurance to support me.
People working in volatile sectors like IT need to have all insurance and emergency funds. ✌️
Can you share some info on how did you choose the bonds. Thanks!!
@@juzdeepu I have considered various factors like bond type, maturity period, credit quality, it's liquidity demand and risk... Actually it's our personal choice to go...
Secured bonds- always beware of defaulted companies like DHFL, RHFL which had AAA(!!) ratings wherein people lost their total life savings and came to streets. The safest bonds are gilt and SGB issued by RBI. In SGB the appreciation after 8 years is fully tax free.
How you planned term insurance. From which insurance company is your term insurance.
@@hariniloganathan5893 I calculated in this way.. 10 times of CTC since I don't have any loans from my side. If you are having loans then pls dnt forget to take liability insurance separately and dnt mix it with term insurance.
And I did a little research in all AMC by comparing it's benefits, riders, claim ratio, office availability in my city and key aspects...
I personally feel Max, tata, hdfc, icici are good in these categories... You can do your own research too ✌️
Very nice explanation! One of the key and important point is to have good Health Insurance. Otherwise, this concept of an emergency fund will get wiped out with one hospital bill!
Can we use emergency fund , to invest in down trend market
Not at all.
Dheivameyyyyy useful information❤
Oru clear clarity kedachi irku
பயனுள்ள தகவல்களை தந்தமைக்கு நன்றி 🙏
What about ALL WEATHER INVESTMENT smallcase as emergency fund
Gethu broo neenga... Very informative...
Romba arumaiyaana video bro. I have emergency funds for 12 months
That's great indeed, Having 12 months saved up is a very good cushion & safety to your financial foundation.
Bro mannual ah Intrinsic value eppadi calculate pandrathu❤ oru vedio poda try panunga bro❤
I was thinking to save some emergency fund since years... But nothing happened... After seeing this video, have a new energy to start d process immediately... Thanks for alarming...
We have gold. Gold will save us also it’s value is increasing more than inflation
வணக்கம் சார் மல்டி கேப் பற்றி சொல்லுங்கள் எஸ்பிஐ மல்டி கேப் பண்டில் எஸ்ஐபி முதலீடு செய்யலாமா
Crisp and clear got idea … thanks Boosan
Am planning to build emergency fund for long time but this video helped to get some idea to do it immediately. Thanks for the practical video
Such a good clarity on speech
One thing is wrong consider gold also an emergency fund.
Any emergency situation occurs in a country gold only used as a international currency when we try to go to other safe countries.
Also in history gold can't depreciate remains constant forever whatever situation happens.
Neenga oru finance encyclopaedia bro. Every video i see i feel my time is worth. Thanks for putting so much effort to educate us. Thanni kudichittu pesunga bro
ஐயா வணக்கம் மிக அருமையான பதிவு வாழ்த்துக்கள் மிக்க மகிழ்ச்சி...நல்ல best Investment plan இருந்த சொல்லுங்க
Bro.. nee vera level bro... ❤❤
One month without salary also as of now scary for me, RENT and EMI is the major consideration, I will try to complete all my loans this year. will be starting this emergency fund as monthly SIP to RD or FD, Debt free is the first goal of my life 🔥🚀🚀🔥🔥🔥🔥
Thanks for clarifying brother.
Same am doing for the past years, but I need to withstand to keep money hold only for emergency. Good one🙏
Very true and out of experience...
If you have 3 lakh and if you plan for FD have 6 FDs with 50,000 each or 3 FDs with 1L so that you need to close the complete FD in case of emergency fund withdrawal.
Eg. If you have FD for 3L and your need is only 1L it is enough close only 2 50k FD or 1 1L FD and the rest remains.
Due to a medical emergency all my finance are drained and I need to start again....which is hard but the good part is I was able to cover expenses with emergency fund without loan.
Remember a Medical Emergency in family will show you your real financial status.
Great and required info explained in simplest manner, Thanks
Eye opener video for me Brother. I have zero EF today with much invested on SM and paying EMIs on PL :(
Hi bro, please post a video on rebalancing. Like when to rebalance and how to rebalance and which fixed income to choose for rebalancing (like fd,rd,liquid,debt funds)
Hi bro, please make a detailed explanatory video on how to select a mutual fund category wise, goal wise using parameters/ratios like Alpha, beta, Sharp ratio, standard deviation, etc. This would be easy for many who just began investing in mutual funds, your videos are clearer, fast and easily understandable, Great work bro
Superb explanation of importance of emergency fund and where to park the fund. The advantage of liquid fund over FD - if one is 30% tax category, in case of FD, we have to pay the tax for the interest earned every year. But in liquid funds, we are paying the tax for the gain earned at the time of withdrawal, Hence there is advantage of compounding of the money, that too if we don't touch the emergency fund for a long time. Even in liquid fund, we have the option of instant withdrawal of 50000 or 60% of the amount. Next second the money is deposited in the bank account. We can invest in 3 or 4 liquid funds so that we can withdraw 1.5 to 2 lakhs immediately.
I have invested in MF, SSA, NPS , PF how to check and track my investement are right way
Which bank FD /RD is good for making emergency fund?
stock lending and borrowing (slbm) pathi video pannuga bro
Also buying gold coins also good option during emergency situations.gold Rates also increase n
Thanks for the very clear information that even a uneducated can understand 👍
What if i have a loan emi, should i go for the loan repayment or prioritise the emergency fund ?
Similar to Rahul jain RUclipsr video. But very useful for Tamil audience. Thanks for making ❤
Which is the best investment SSY or Nifty 50 index fund?
Can you plz compare?
Heart problem iruntha term insurance kidaikathu.apo nanga ena panrathu
Please like ur how to choose a index fund in nifty 50 do a video for Small cap, multu cap and ELSS fund❤
What about recurring deposit
Thanks, Boosan. I was confused between debt funds and FDs. This video helped me a lot
Precise and absolutely critical information shared in an easily understandable way to a lay man... me being a finance guy, what you said is 100% correct without a doubt.
Good Explanation sir, Thank you so much🙏
Clearly explained and covered all the things.. Thank you so much 😊.. Much appreciated ❤
Brother excellent explained i truly tell my mind words after watched this video's 200% more peoples it's supported this video no word's for me thanks of lots keep it up i will condifidant India will grow truly because your financial information, because every country backbones is financially plan you guide that ❤❤🎉
Yar pa ne ivolo think pandra, super ji, good explanation 👏👏👏👏👍👍👍
How about parking the Emergency fund in Short Term Mutual funds. Ex : Axis Short Term Fund. ?
Hello Busan.. People are following you because of your genuinity. So always keep in mind to suggest something... Or sponsers videos... Keep the good work. Thanks
Bro how to balance emergency fund calculation vs inflation
Bro star woman care insurance paathi oru video podunga
Gold is best emergency fund
digital gold rent kodukurathu pathi sollunga bro
Thalaivare NRI epdi mutual funds la invest pannarathu .. already india la invest pannitu irunthavanga ipo NRI aaita antha india account ah enna pannarathu plz podunga thalaivare
Great work. Interacting with audience is one of the best way to grow and connect. Most of the viewers are new to financial savings/investment, etc and answering viewers question will make us engage more to you as you will speak from our situation. Keep it up 🎉
Thanks bro. You have given a lot of important information in this video. Thanks again.
Could you please tell us which insurance company you or anyone who availed the term insurance. It will be helpful.
I use gold ETF as emergency funds as im ok to wait for 2 days. Where i can borrow from friends and return back if needed
Hi brother... What will happen if there is a technical glitch. Or (sorry to say this) if some thing happened to u, how often ur family members know ur demat account details or process to withdraw money... I think it's better to keep some Portion of money in family members bank account as well...
@@faizulmahadir890 that’s a good point. I have term and health insurance to cover me. But my point of view for emergency fund is 1. If i need money immediately for any important reason 2.incase of job loss or when any thing stops my regular income i will use this funds.
And also im planning for reservation fund in IDFC first bank *savings account* as it gives monthly interest (like 3% p.a for 1L and 7% p.a interest for 5L)which would be solving two things 1.any delays or technical issues when drowning out gold ETF 2.generating some small interest trying bet inflation with flexibility to withdraw anytime unlike FD.
@@faizulmahadir890 👍🏻
மிக தெளிவாக விளக்கம்🎉
Where can I find the FD Interest Rate of all Banks like you mentioned? Most reports don't have all small finance companies.
Boss, life and term insurances are okay agreeable with you. However, I have come across cases in health insurance wherein the insurance companies are avoiding payments for illness due to various reasons ie. They know how to stop payments towards health claim. Instead of health insurance it's better to make a corpus of 5 to 10 lakhs through recurring or SIP and keep that corpus in an FD which can be broken anytime or keep am OD on FD to use during emergency illness. Our health Insurance companies are cheating the public. Its better to avoid health insurance and instead arrange a corpus in FD as an emergency to meet health needs.
Please share excel format
Bro one question why tata steel suddenly down 2022 July - aug month you have any idea about this
Bro health insurance ok but term insurance thav illa
Bro government job la irkavangaluku emergency fund theva padathunu nenaikuren.. avangaluku eatha investment plan podunga bro.. specially for government job peoples ku...
Not applicable in Europe. Social security already covers all of this emergencies.
but not daily expenses right?
Maxlife midcap momentum fund is real or not??
Good ideas congratulations but 10k - 25k salary persons very high so plan for that guys saving schemes
Hi Bro, Well explained 👏 thanks a lot, bro.
I have a query, because of trust issues people will not go for small financing banks, In other hand popular banks will give avg 6.5% interest and even some special interest for certain tenure. When I personally analyzed Savings Account interest and FD rates are similar for upto 2 years tenure. Currently I'm keeping EF only in Savings account with interest of 6.5%
So here what is best either Savings account or FD !!
Bro Please do a video on Aura Gold. When I search on RUclips lots of videos especially in tamil are purely promotion basis. So please do it as soon possible, many people are misguided.
Bro can u explain about the health insurance
Thank you anna , very useful. 👁️🗨️👁️🗨️
Very Useful video, thanks bro
Bro, it makes feel like one of my brother well wisher giving me advice. Appreciate your effort. Heartfelt thanks.
Bro daily return la epadii calculate pannurangaa in sip daily
Hello Boosan Sir..I have query regarding navi nifty50 index tax saver.. which has very less expense ratio of 0.1% where I have a doubt because of less expense ratio this will not perform well or it will..??
I have 2 points to discuss with you please help me out with more clarity on the elss fund..
Point 1 - Wat is the procedure to cancel elss inbetween..?? If yes wat will be the charges..!! If not possible then point 2..!
Point 2 - For the next year should I continue investing on the same navi nifty50 index tax saver or else should I choose other elss than this like as IIFL nifty50 index tax saver
Expecting your reply on this will be very helpful for me..Thanks in advance
Point to point bro.well explained thanks bro
Hi bro I was purchased LIC Policy every month I need to pay the premium of 3.5k at the end of 21 years I’ll
Get 18l but comparing the value with sip… LIC policy was not so benefited for me my question is should I continue with lic policy or surrender my lic policy and start my sip ? Please give me a solution
Can we use Equity savings Fund / Arbitrage Funds instead of Liquid funds ?
Need intrinsic value video
Very good info. Really Eye opening info for FD return...
why not RD instead of FD since RD has more liquidity benefit compared to FD? correct me if am mistaken
FD and RD are similar instruments, RD is better if we want to save every month - FD is preferable for lumpsum amounts.
Very useful tips brother thank you and happy new year god bless you ❤
Thank you! Happy New Year to you too brother ❤️
Very sharp and clear. ❤
Thanks Boosan bro.
I am 52 years old, still need to take term insurance?
If you believe your current net worth is sufficient to cover your family's expenses and lifestyle for the next one to two decades, then term insurance may not be necessary.
@@finance.boosan Thanks Boosan, because age of 52, the term insurance cost is too high.
Bro can we deposit emergency fund in overnight dept mutual fund
Bro RD la 500 la open panna increase or decrease panni pay pannala ma
Good one. Very practical
Bro. Monthly RS 159 for Members joining and learning basic lesson rs. 1,321 . What is the difference between this.
Please reply. Want to join
But i want to know the difference between this two.
Bro let me know how to buy Taiwan Semiconductor company share. Also am an NRI
Can we use emergency fund , to invest in down trend market
No. Emergency funds are only for emergencies.
Instead, we should have an "Opportunity Fund," a separate savings fund distinct from an emergency fund, specifically intended for taking advantage of investment opportunities, such as when the market experiences a downturn. This fund is built up over time, similar to an emergency fund, but is utilized for seizing growth opportunities rather than for emergencies.
Awesome Bro.. Your inputs on this video has given me clear idea.. which I have missed in my 40yrs of age.. Thanks...Happy to be part of your subscriber list...
Thank you so much bro for this video
Well detailed explanation
Bro unga channel join panna epudi mutual la invest panrathunu personal guidance kodupigala?
How to get finance consultancy from you in personee (fee only)
Hi boosan bro ... a small suggestion..... always u r doing a vaulable videos.. if use english sub title, it will be helpfull for other language persons also ... and our community size also ll get increase... 😊
Nice information bro❤❤❤🎉 Thank you.
tq for your information😍😍😍
Please mention as paid promotion included in your video.
Hi Boosan, can make breif video about gullak gold+.. Compare it with sgb
What is that