Friday Fan Fest With Anil Singhvi: In a live interview on Instagram with TV actor Aashka Goradia, Zee Business Managing Editor Anil Singhvi discussed how celebrities should manage their personal finances, including how they should start their investment journey. Aashka Goradia interviewed the market guru and asked him a number of questions to ensure that she does not go wrong on her investment journey. Notably, apart from revealing that investments should ideally start happening in age group of 25-35 years, Anil Singhvi also gave the TV actor and fans at large an investment lesson that will really come handy during times of Covid-19.

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Speaking on the first and foremost lesson that one can learn from the Coronavirus lockdown, Anil Singhvi said, "In this Coronavirus lockdown, as an investor one can easily understand the worth of a contingency fund that one should create for such precarious conditions." Singhvi said that one can't just invest for achieving the long-term investment goals only. There should be some fund allocation for a Coronavirus-like financial emergency where your income goes down and the expenses soar. He also advised that savings for the contingency fund has to be in a liquid form.

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When asked whether the EMI moratorium offered by various Indian banks is worth taking, Singhvi replied to Aashka Goradia, "If you have the capacity to pay the loan EMI, you should definitely pay it as this would help you avoid additional interest payment on the interest adding up during this moratorium period." Elaborating further, Singhvi said that one's EMI has two portions — principal and  interest. Singhvi said that if you decided not to pay, the interest for three months during the moratorium period will get added in the standing principal of your loan amount. So, when one starts paying back the loan after these 3 months, this extra accumulated interest will get added onto the loan and notably, one's EMI will go up.