PLAN, INVEST IN SELF AND CELEBRATE RETIREMENT

The event focused on the evergreen subject of retirement planning, and speakers talked about various issues, such as how to navigate the market and one's portfolio in the investing phase of retirement planning, the importance of insurance, especially health insurance, and the need for a shift in mindset in sync with the changing financial topography of India

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The two-day IDFC FIRST Bank presents Outlook Money 40After40 Retirement Expo opened in Mumbai on February 7, 2025. Speakers highlighted several aspects of retirement planning, including how to deal with investments, how to fight biases, the importance of insurance and lifestyle and mindset changes.

Celebrate Retirement

V. Vaidyanathan, managing director (MD) and CEO of IDFC FIRST Bank, said that one should celebrate retirement and see it as a transition to another phase of life. “They should be involved and engaged in some social, or commercial activity or have something to forward to”.

The fact that 60 per cent of Indians believe funds will not last them more than 5-10 years into retirement, means that “retirement planning is the need of the hour,” he added.

Talking to Sonia Shenoy, business journalist, he said: “One must start early because a lot many think they will start planning when they are older. But then they do not have time for their money to compound.”

He said now there are many schemes into which people can invest, such as Employees’ Provident Fund (EPF), Public Provident Fund (PPF), National Pension System (NPS), and Atal Pension Yojana (APY). They can use government schemes to save for retirement, he said.

Investment Strategy

Samir Arora, founder, group chief investing officer (CIO) and fund manager, Helios Capital, spoke about his investment strategy to find multi-bagger stocks. The key is to eliminate the bad ones, he said.

“It is easier to know what is bad than to know what is good. That is the formula. The end result is you will get multi-baggers over time.”