Goals
Enter your regular expenses and EMIs to see the fund you need if your income stops, for needs alone, needs and wants, and with luxuries too. Get your plan reviewed by a SEBI registered adviser.
Many people plan for about 6 months. Choose what suits your job security and family.
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Monthly expenses and EMIs are multiplied by your months. Yearly expenses are added in full.
A yearly bill does not arrive in neat monthly parts. Your mediclaim premium or municipal tax could fall due in the second month of a contingency, and then you need the entire amount, not one month's share of it.
So a ₹60,000 yearly premium counts as ₹60,000 in a 6-month fund, not ₹30,000. This makes the fund a little larger, but it will not run short when a big bill comes early. In a fund for more than 12 months, a yearly expense can fall due more than once, so 13 to 24 months counts it twice, and so on.
Costs that come once every few years, like house painting, renovation or a new car, are left out, as you can usually put them off during a contingency.
Please get these calculations checked and reviewed by your investment adviser before acting on them. This is an estimate for planning, based on what you enter and in today's money. It is not investment advice. Your entries stay in this browser and are not sent to us.
It is money kept aside for when your income stops or a big unexpected cost comes up, such as a job loss or a medical emergency. It is also called an emergency fund. It lets you pay your bills and EMIs without selling long-term investments at a bad time.
Many people plan for about 6 months, which is the starting value here. You may want more if your income is irregular, you have one earner in the family, or a new job would take longer to find. You can enter 1 to 60 months.
Because a yearly bill does not arrive in monthly parts. A mediclaim premium or municipal tax could fall due early in a contingency, and then you need the entire amount. So a ₹60,000 yearly premium counts as ₹60,000 in a 6-month fund, not ₹30,000.
In a fund for more than 12 months, a yearly expense can fall due more than once, so 13 to 24 months counts it twice, and so on.
Costs that come once every few years can usually be put off during a contingency, so they are left out. Only expenses due monthly or yearly are included. You can add your own, or switch off anything you would stop paying.
Loan payments continue even when you cut everything else, and missing them can lead to penalties and harm your credit score. So needs, wants and luxury totals all include your EMIs.
Needs covers essentials only. Needs + Wants adds things you could do without for a while, such as eating out or domestic help. Needs + Wants + Luxury keeps your current lifestyle fully going. You can decide how much of a cushion you want between these.
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