Archive · 11 Aug 2025
CA Advises ₹90,000 Emergency Fund for Financial Security
A Chartered Accountant named Nitin Kaushik is telling people how to prepare for unexpected money needs.
He says that the money set aside for emergencies should be easy to get to quickly.
He suggests putting money in a savings account, a special type of fixed deposit, and a liquid mutual fund for easy access.
He says it is important to have the right kind of health insurance.
The main idea is that your emergency money should be safe and available when you need it, not focused on earning the most money.
Chartered Accountant Nitin Kaushik advises against prioritizing investment returns over financial security in emergency funds.
Kaushik's '3-3-3 rule' suggests allocating ₹30,000 each to a high-interest savings account, a sweep-in fixed deposit, and a liquid mutual fund.
The primary goal of an emergency fund is instant accessibility, not high yield.
Kaushik warns against using hybrid or equity funds for emergencies.
The advice emphasizes the importance of health insurance with appropriate riders.
- Who
- Chartered Accountant Nitin Kaushik.
- What
- Advice on managing emergency funds.
- When
- The advice was published recently.
- Where
- The advice was shared on social media.
- Why
- To emphasize the importance of readily available funds for emergencies over maximizing returns.
Financial Security
Maximizing Returns
Emergency Fund Goal
Financial Security
Prioritize accessibility over returns for emergency funds.
Maximizing Returns
Focus on maximizing returns, even at the cost of immediate liquidity.
- Financial Advisor
- Chartered Accountant Nitin Kaushik
- Emergency Fund Strategy
- 3-3-3 rule
- Savings Account
- ₹30,000
- Sweep-in FD
- ₹30,000
- Liquid Mutual Fund
- ₹30,000
- Focus
- Accessibility over returns