Emergency Fund Check
How big your safety net should be, given how you earn and who depends on you.
How to use this tool
- Enter what your essentials cost each month: rent, food, bills and EMIs.
- Pick how many people depend on you and how you earn.
- Add what you have saved for emergencies to see how far along you are, step by step.
- Move the slider if you would like a bigger or smaller cushion.
Rent, food, bills and EMIs. Essentials only.
Each one adds a month to the target: more people relying on you means a longer cushion.
Contract work includes jobs in the Gulf and on ships.
About a year is a common cushion for many people in work, more so with a family to support or an income that isn’t steady.
Optional.
Nothing you enter here is saved or stored. This is just for you to explore.
Your target emergency fund
₹6.5 L
That is 13 months of essentials (₹50,000 a month).
12 months as the base for salaried work, plus 1 for your 1 dependent.
Step by step
- 3 months (₹1.5 L): ₹1.5 L to go, about ₹12,500 a month for a year.
- 6 months (₹3 L): ₹3 L to go, about ₹25,000 a month for a year.
- The full 13 months (₹6.5 L): ₹6.5 L to go, about ₹54,500 a month for a year.
Where should this money sit?
Somewhere steady and quick to reach, where its value doesn’t rise and fall with the stock market. People commonly use:
- Liquid mutual funds
- Sweep-in fixed deposits
- Arbitrage funds, which can be more tax-efficient for some people
These are general types, not a recommendation of any product.
These are general illustrations to help you think, not advice for your situation and not a promise. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Want help setting this up the right way? Talk to VMF.
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