Shark Tank: Edelweiss Mutual Fund CEO Radhika Gupta shares these investing tips for retail investors

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Shark Tank India, Radhika Gupta, CEO of Edelweiss Mutual Fund, has shared some insightful investment tips that are likely to hold investors in good stead. Gupta emphasises the significance of saving a portion of our income and investing it wisely. She advises that after deducting taxes and expenses from our earnings, one should strive to save at least 20%, 30%, or even 50% of the remaining amount.

Alternatively, can begin making monthly systematic investment plans (SIPs) to cultivate a habit of investing. This may seem challenging to some, but Gupta reminds us that saving and investing are essential for long-term financial security. Here are the importance of savings and systematic investment plans Financial security and emergencies: Having savings allows individuals to handle unforeseen expenses and emergencies without resorting to debt or liquidating assets.

Savings provide a cushion during tough times and can help individuals maintain their financial stability. Achieving financial goals: Whether saving for a down payment on a house, funding higher education, or planning for retirement, having a financial goal is crucial. Mutual fund SIPs provide a disciplined approach to saving, enabling individuals to systematically invest towards their goals.

Regular savings allow investments to grow steadily, compounding returns over time. Diversification and professional management: Mutual funds pool money from various investors to invest in a diversified portfolio of stocks, bonds, and other assets. This diversification reduces risk by spreading investments across various sectors and securities, making it easier for individuals to access a professionally managed portfolio.