How To Build An Emergency Fund?
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar pointed to cases during the pandemic when hospitals asked for cash deposits, showing why an emergency fund helps. He added that the fund also shields long-term investments from forced selling at a loss.
More of Abhishek's views on mutual funds
The article explains why everyone needs an emergency fund, prompted by concern over a new Covid variant. It discusses how big the fund should be based on essential expenses and job risk, where to keep the money for safety and liquidity, and why a credit card is not a substitute.
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How To Build An Emergency Fund?