Nilesh Shah, MD, Kotak AMC, asks how can we become wealthy with an asset allocation where 93% of savings is not going to deliver real return. Of course, there are complexities and there is worry. But while investing in risk-taking assets like equities, bonds, debentures, and mutual funds, take guidance from experts. With their advice and support, one will be able to invest for real return. So, invest for real return, even though it means taking some risk.
What kind of change have you seen in your personal, and professional life that is reflected in India so far as India celebrated its 78th year of independence?
Nilesh Shah: My father died very early when I was very young and my mother was always dependent on me for her retirement. She never had enough savings and she was always spending to make us study and help us grow. Hence, she is dependent upon me as her retirement solution. But I can proudly say I have done my retirement solution through my money. That is the change I want to see in every Indian.
Today, I believe I am taking good care of my mom, but she may have a different opinion. But she does not have a choice because she never saved anything. She always spent money on making us study and grow. I want every Indian to be financially independent. I will pray that your next generation will take very good care of you. But still, let us be financially independent. Secure your financial freedom through investment rather than depend on the next generation. That is the change I have done in my life and I want
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