Risk
What is emergency fund?
Three to six months of expenses kept in cash, not invested.
Explained in more detail
Its purpose is not returns. It is so that a job loss or a hospital bill never forces you to sell investments at a bad moment. It is the thing that lets everything else in your plan survive contact with real life.
An example
For instanceIf you spend ₹40,000 a month, an emergency fund is roughly ₹1.2 to ₹2.4 lakh.
Why this matters to you
You will meet this word in broker apps, company results and market news. Knowing what it means is not the goal on its own. The goal is being able to judge whether a number is good or bad for the investment you are actually holding.
On AlphaVik, any time emergency fund appears in a view or a lesson, you can hover or tap the word and this explanation comes with it. You never have to leave the page to look something up.