Feroze Azeez, Joint CEO of Anand Rathi Wealth, suggests that those new to investing should prioritize creating an emergency fund. This reserve should be held in a liquid fund or a readily available fixed deposit, covering between three to six months of basic living costs. Alongside building this safety net, he advises initiating Systematic Investment Plans (SIPs) in equity mutual funds. After the emergency fund is fully established, those savings can then be redirected toward long-term investment goals.
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