Gyaan guroovaar

NEED TO SAVE FOR CONTINGENCIES

Life throws many surprises and we all have had some experiences of them in our lives. Contingency or Emergency Fund helps in situations like:

• Unexpected financial needs for self or family like medical emergencies
• Having to relocate to a new place for work
• Natural calamities/ accidents/ theft / damage to personal vehicle
• Unexpected global events that may impact the job
• Taking a sabbatical
• Managing temporary gaps in income flows like loss of pay for few days in a month
• Urgent home repair or renovation etc.

The emergency fund should consist of:

• [(Your Monthly expenses) x12] + [(Your Yearly Expenses) x1]
• Use a debt/ hybrid fund to maintain your emergency fund
• Emergency funds should be easily accessible, convenient and hassle-free

If you do not have an emergency fund, start building one today and be prepared for any form of emergency.

Mutual Funds may provide suitable solutions for all financial goals. Please consult your Financial Advisor for any investment decision.

Source: HSBC Mutual Fund

An Investor Education & Awareness Initiative by HSBC Mutual Fund

Visit https://grp.hsbc/KYC w.r.t. one-time Know Your Customer (KYC) process, complaints redressal process including SEBI SCORES (https://www.scores.gov.in). Investors should only deal with Registered Mutual Funds, to be verified on SEBI website under Intermediaries/Market Infrastructure Institutions (https://www.sebi.gov.in/intermediaries.html). Investors may refer to the section on ‘Investor Education’ on the website of HSBC Mutual Fund for the details on all ‘Investor Education and Awareness Initiatives’ undertaken by HSBC Mutual Fund.

Document intended for distribution in Indian jurisdiction only and not for outside India or to NRIs. HSBC MF will not be liable for any breach if accessed by anyone outside India. For more details, Click here / refer website.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.