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Covid 19, market volatility, possible salary cuts, job losses — we know there's a LOT going on, and you might be feeling overwhelmed.
While there are some things we can't change, we can help you figure if you are saving enough, how your investments are doing, if you are protected enough.
If you have money in your bank account, you can add that here:
Hey Scripbox User,
This is how you are doing.
COVID 19 cases are covered under health insurance, as per the latest IRDAI notice.
Ideally, your savings should be:
30 %
of your monthly income
Use the next few weeks to reduce your non-essential expenses and put them aside in your bank account or in liquid funds.
Have an ongoing EMI? With falling interest rates, you should look at re-financing this. If you have a floating rate, this should go down.
EMERGENCY FUND
Ideally, your emergency fund should be:
4 X
of your monthly income
Since your monthly income is uncertain, you should explore alternate sources of cash.
If your investment horizon is lesser than 5 years, you could explore moving them to Liquid or Overnight Funds.
"Stay Invested" is the investing equivalent of Social Distancing. It's difficult to follow through emotionally, given the market ups-and-downs, but there are multiple, time-tested theories, to suggest that this is the best mantra for you to follow.
Want to take this journey again? RESTART ‘AM I DOING OK’
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We're here for you
We know these are testing times. If you need any assistance, our world-class customer champions are available from 8 am to 8 pm.
Call us on 1800-102-1265
Stay safe and healthy