Are mutual funds the right place to park my money for emergencies?
Yes, absolutely! You will be investing in Liquid Mutual Funds. So, your money will not really have down-market risks. After figuring out how big a corpus you need, choose an appropriate investment option. Remember, accessibility of your money (and not...
Does the Scripbox Emergency Money have accidental cover in case I face one?
No. Currently, Scripbox Emergency Money doesn’t have accidental cover.
What is Scripbox Emergency Money?
Scripbox Emergency Money helps you prepare for the unplanned. It helps you set aside a sufficient amount of money that you can use during the surprises that life throws at you. Here are some times where Scripbox Emergency Money can...
How much money should I have in my Scripbox Emergency Money?
It’s recommended that one should keep a minimum of 4 months of their salary as an emergency corpus. If you have dependents (like family), then 6 months or more of your salary is a must. Since this can’t be built...
Does Scripbox Emergency Money have a lock-in period?
There is no lock-in period.However, it is recommended that you withdraw the money only in case of an emergency and not otherwise.