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!
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 ✌️
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.
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 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
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)
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
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
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 ❤❤🎉
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...
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, 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 !!
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...
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.
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... 😊
My best wishes for your channel to gain millions of subscribers within a year. I really appreciate the valuable information you provide it's important to everyone. Your tone conveys that you truly care for everyone who watches your videos. Keep up the great work!🎉🎉🎉
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.
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 🔥🚀🚀🔥🔥🔥🔥
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
All your videos are to the point and very clear. Very useful for salaried laymen like me with limited financial literacy. I think your investment of time and effort into this channel is going to compound and yield you millions of subscribers very soon. Thank you.
Hi boosan thanks for the explanation, I personally started to save my emergency fund after seeing your video three months back thanks for your guidance, I am saving is uti liquid cash plan which gives you instant withdrawal facility below 50k even during the week end but I am yet to test it 😅, as you suggested yes seems fd is good I was in the wrong perseuption about 1% fine but seems it's on intrest, thanks for the clarification once I could save certain emergency fund then I will move them to FD. Appreciate your guidance
Bro government job la irkavangaluku emergency fund theva padathunu nenaikuren.. avangaluku eatha investment plan podunga bro.. specially for government job peoples ku...
![Natanael Cano - Amor Eterno [Official Video]](http://i.ytimg.com/vi/EO4prCs6WpM/mqdefault.jpg)
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😂
Best paid comments 😂
Exactly
Yaru samy nee ivlo naal doubt ellathaium 13 mins la clear panita... Nandri bro
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.
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 ✌️
Dheivameyyyyy useful information❤
Oru clear clarity kedachi irku
பயனுள்ள தகவல்களை தந்தமைக்கு நன்றி 🙏
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.
Great and required info explained in simplest manner, Thanks
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.
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 🎉
Such a good clarity on speech
Thanks for the very clear information that even a uneducated can understand 👍
Crisp and clear got idea … thanks Boosan
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
Eye opener video for me Brother. I have zero EF today with much invested on SM and paying EMIs on PL :(
Very useful information, Thank you brother
Bro mannual ah Intrinsic value eppadi calculate pandrathu❤ oru vedio poda try panunga bro❤
Clearly explained and covered all the things.. Thank you so much 😊.. Much appreciated ❤
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
ஐயா வணக்கம் மிக அருமையான பதிவு வாழ்த்துக்கள் மிக்க மகிழ்ச்சி...நல்ல best Investment plan இருந்த சொல்லுங்க
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)
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
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
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.
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 ❤❤🎉
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🙏
What about ALL WEATHER INVESTMENT smallcase as emergency fund
Similar to Rahul jain RUclipsr video. But very useful for Tamil audience. Thanks for making ❤
Very useful tips brother thank you and happy new year god bless you ❤
Thank you! Happy New Year to you too brother ❤️
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...
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.
Point to point bro.well explained thanks bro
Very Useful video, thanks bro
Yar pa ne ivolo think pandra, super ji, good explanation 👏👏👏👏👍👍👍
Bro, it makes feel like one of my brother well wisher giving me advice. Appreciate your effort. Heartfelt thanks.
Very good info. Really Eye opening info for FD return...
Which bank FD /RD is good for making emergency fund?
excellent video awesome work bro
Please like ur how to choose a index fund in nifty 50 do a video for Small cap, multu cap and ELSS fund❤
stock lending and borrowing (slbm) pathi video pannuga bro
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 !!
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...
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.
We have gold. Gold will save us also it’s value is increasing more than inflation
Very nice!. All ur videos are awesome
வணக்கம் சார் மல்டி கேப் பற்றி சொல்லுங்கள் எஸ்பிஐ மல்டி கேப் பண்டில் எஸ்ஐபி முதலீடு செய்யலாமா
What if i have a loan emi, should i go for the loan repayment or prioritise the emergency fund ?
Thank you bro
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... 😊
My best wishes for your channel to gain millions of subscribers within a year. I really appreciate the valuable information you provide it's important to everyone. Your tone conveys that you truly care for everyone who watches your videos. Keep up the great work!🎉🎉🎉
Thank you anna , very useful. 👁️🗨️👁️🗨️
மிக தெளிவாக விளக்கம்🎉
Also buying gold coins also good option during emergency situations.gold Rates also increase n
Very sharp and clear. ❤
Which is the best investment SSY or Nifty 50 index fund?
Can you plz compare?
Always useful information bro.. u deserve more subscribers..
Hope ur valuable info reaches more PPL . Keep posting useful information.. thank u
Super super bro, I am very happy to this video, and useful information boosan.🎉🎉
Excellent detail explain 👍
Vera level bro usefull information tq bro❤❤❤
Good one. Very practical
Thank you
Well detailed explanation
Thank you so much Boosan, geneuinely this is by far the best that I have got searching through the internte, keep up this amazing work. Thanks again.
Nice information bro❤❤❤🎉 Thank you.
Super content bro
Thanks Bro. Your videos are extremely fruitful. Soon you will reach 1M Subscriber. Keep up the good work.
Thank you so much bro for this video
Where can I find the FD Interest Rate of all Banks like you mentioned? Most reports don't have all small finance companies.
Good advises
Super bro very usefull
மிக்கநன்றி சகோ 👍🏻
Clear Explanation ❤
Great eye opening video bro
Thank you brother 😊😊
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.
Could you please tell us which insurance company you or anyone who availed the term insurance. It will be helpful.
tq for your information😍😍😍
Thank for your information ❤😊
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
Good information sir, 👍
Thank you bro.. useful...
Very informative video
Fantastic brother ❤Keep going and growing 💗
நன்றி
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 🔥🚀🚀🔥🔥🔥🔥
Good ideas congratulations but 10k - 25k salary persons very high so plan for that guys saving schemes
Thanks for the information ☺️ bro ❤
How about parking the Emergency fund in Short Term Mutual funds. Ex : Axis Short Term Fund. ?
Very very useful info bro
Bro star woman care insurance paathi oru video podunga
Can we use Equity savings Fund / Arbitrage Funds instead of Liquid funds ?
thankyou sir
Vanakkam sago 😊❤
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
All your videos are to the point and very clear. Very useful for salaried laymen like me with limited financial literacy. I think your investment of time and effort into this channel is going to compound and yield you millions of subscribers very soon. Thank you.
Hi boosan thanks for the explanation, I personally started to save my emergency fund after seeing your video three months back thanks for your guidance, I am saving is uti liquid cash plan which gives you instant withdrawal facility below 50k even during the week end but I am yet to test it 😅, as you suggested yes seems fd is good I was in the wrong perseuption about 1% fine but seems it's on intrest, thanks for the clarification once I could save certain emergency fund then I will move them to FD. Appreciate your guidance
Bro government job la irkavangaluku emergency fund theva padathunu nenaikuren.. avangaluku eatha investment plan podunga bro.. specially for government job peoples ku...
Excellent Bro ultimate
i love all your videos so much ❤️❤️