A READY RECKONER FOR A RAINY DAY
May 30, 2020
4 minutes
—Aprajita Sharma
Illustration by SIDDHANT JUMDE
The COVID-19 outbreak and the national lockdown that has followed have inflicted deep financial wounds on people. Scores have lost their jobs and equally high numbers of workers have had to take pay cuts. Entrepreneurs have suffered heavy losses or shut down their businesses. Then there are those who have been infected by the virus itself. Crises like these invariably force people to make unexpected withdrawals from their investment corpus, as not everyone maintains an ‘emergency fund’.
However, the choice of the investment to be encashed needs to be wise and one must look beyond conventional ideas, such as encashing fixed deposits (FDs),
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