What is personal finance?

Personal finance refers to how you manage your money—earning, saving, investing, budgeting, spending, and planning for future needs like emergencies, retirement, and life goals.

How do I create an emergency fund?

An emergency fund is a reserve that covers 3–6 months of your essential expenses. Keep it in a liquid savings account or short-term fund for unexpected situations like illness or job loss.

What is NAV in mutual funds?

NAV stands for Net Asset Value. It’s the price per unit of a mutual fund. It's calculated at the end of each trading day.

A SIP is a method of investing a fixed amount regularly (e.g., monthly) in a mutual fund. It promotes disciplined investing.

What is health insurance and why do I need it?

Health insurance covers hospitalization and treatment expenses. It protects your savings during medical emergencies and is vital for everyone.

What is critical illness insurance?

It provides a lump-sum payout upon diagnosis of serious illnesses like cancer, heart attack, or stroke. It helps manage income loss and costly treatments.

Can I invest with a low salary?

Yes. Start with small SIPs, avoid debt traps, and increase investments as your income grows. Time matters more than amount.

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About the Author

Anindya Ray is an AMFI-registered Mutual Fund Distributor and an IRDAI-licensed Insurance Agent. With hands-on experience in helping people make informed financial decisions and spreading personal finance awareness, he is deeply committed to guiding Indian families through their financial journey with clarity, confidence, and purpose.

Driven by the belief that financial literacy is the foundation of financial freedom, Anindya works at the grassroots level to simplify complex topics like investing, insurance, and money habits for everyday individuals across all walks of life.

The SIP Sage is his personal initiative—a non-commercial financial awareness blog—dedicated to breaking down money matters into easy, relatable insights for the Indian middle class.

Note: No online services or products are offered or solicited through this platform. For offline, personalized financial guidance, Anindya may be contacted directly via WhatsApp or email.

The SIP Sage

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