Mino · For Retail Investors
Most Indians Are One Emergency Away From Debt
A contingency fund is the least glamorous part of a financial plan and the first thing that fails when it is missing.
Mino is our retail platform for keeping that money somewhere accessible — in regulated liquid mutual funds rather than a savings account.
Liquid funds are mutual fund products subject to market risk. They are not bank deposits, are not capital protected and carry no deposit insurance. Please read all scheme-related documents carefully before investing.
Why It Matters
The Gap Most Households Do Not Know They Have
Readiness
66.6%
of Indian adults say it would be very difficult to come up with emergency money within 30 days
World Bank Global Findex, survey year 2024
6 in 10
say their household could cover expenses for a month or less if it lost its main source of income
World Bank Global Findex, survey year 2024
14.3%
would turn to their own savings first in an emergency; more would turn to family, friends or a loan
World Bank Global Findex, survey year 2024
What tends to go wrong
43.4%
of India's total health spending still comes directly out of household pockets
National Health Accounts 2022-23, Ministry of Health and Family Welfare
₹4,452 vs ₹31,845
average cost of a hospitalisation at a government hospital versus a private one
National Sample Survey 75th Round, 2017-18
~30%
of India's population sits outside any health insurance cover
NITI Aayog, 2021
Income is less secure than it looks
23.6%
of Indian workers are in regular wage or salaried employment; the rest are self-employed or casual labour
Periodic Labour Force Survey Annual Report 2025, MoSPI
5.5%
unemployment rate, current weekly status, ages 15 and above
Periodic Labour Force Survey Monthly Bulletin, June 2026, MoSPI
And the cost of not having it
~2.5% a year
what a savings account typically pays
State Bank of India published rate, September 2026
45% a year
what a revolving credit card balance can cost
SBI Card Most Important Terms and Conditions, September 2026
Without accessible savings, an emergency is funded by borrowing. That is the real cost of the gap — not the interest forgone on the money you did not set aside, but the interest paid on the money you had to borrow.
Figures are drawn from the sources named and reflect the periods stated. They describe conditions across India generally and are not a statement about any individual’s circumstances. Interest rates change; rates shown are as published on the dates indicated. Nothing here is a recommendation to buy or sell any product.
The Principle
Accessible, Not Invested
A contingency fund is not a growth allocation. Its job is to be there, in full, on the day it is needed.
Size it in months, not rupees
Most guidance suggests three to six months of essential expenses, more if your income is variable or you are the sole earner.
Keep it separate
Money mixed into a general account gets spent. A separate holding makes the balance visible and the decision to dip into it deliberate.
Prioritise access over return
This money should be reachable quickly. Chasing yield with it defeats its purpose.
A contingency fund is not a substitute for insurance. Health cover, term cover and adequate sums insured do a job that savings cannot do at the scale a serious medical event requires. The two work together.
This is general information, not personal financial advice. Appropriate contingency levels and insurance cover depend on individual circumstances, and outcomes vary. Please obtain independent professional advice before acting.
How It Works
A Better Home for Idle Cash
Mino Money is our retail platform for parking idle cash in regulated liquid mutual funds. It is a place to keep contingency money accessible — not a savings account, and not a substitute for one.
- Start from ₹100
- No lock-in
- Withdraw when you need it
Mino Money is a separate platform operated under its own regulatory registration as a mutual fund distributor. Liquid funds are mutual fund products subject to market risk. They are not bank deposits, are not capital protected and carry no deposit insurance. Instant redemption facilities are subject to SEBI limits, are available only to resident individual investors and do not apply to corporate investors. Please read all scheme-related documents carefully before investing.
Questions
Common Questions
Common guidance is three to six months of essential expenses, with more for variable income, a single-earner household or dependants. Essential expenses means rent or EMI, utilities, groceries, school fees, insurance premiums and medicines — not discretionary spending.
You can, and accessibility matters more than return for this money. The trade-off is that savings balances typically earn a low published rate, while liquid funds aim to earn money market returns. Liquid funds are not deposits, carry no deposit insurance and their value can fall, so this is a trade-off rather than a straight upgrade.
Liquid funds offer instant redemption facilities subject to SEBI limits, and normal redemptions generally settle the next business day. Instant redemption is available only to resident individual investors and does not apply to corporate investors. Specific limits and timings are set out in each scheme's documents.
No. It is a mutual fund product subject to market risk. It is not a bank deposit, is not capital protected, and carries no deposit insurance. Its net asset value can fall.
No. A contingency fund covers the shortfalls and delays around an event — a deductible, time off work, a bill that arrives before a claim settles. Insurance covers the event itself at a scale savings cannot. They are complementary, not alternatives.
Mino Money is a separate platform operated under its own regulatory registration as a mutual fund distributor. It serves retail investors; Neosurge's PMS, AIF and treasury work serves HNIs, family offices and corporates.
No. No product referenced on this site carries any assurance of return, and we do not publish or forecast returns.
These answers are general information only and are not investment, legal or tax advice. Mutual fund investments are subject to market risks; please read all scheme-related documents carefully before investing.