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Preparing For Contingencies

In today’s dynamic world, preparing for contingencies is the most important component of any financial plan. The contingency fund could be required in any of the following events:

  • Loss of the family member
  • Job loss
  • Job transition
  • Health care requirements
  • Other contingencies which cannot be anticipated.


Your contingency fund should always be kept in bank saving account / Mutual fund Liquid products which can readily be cashed out in case of requirement.