'[My portfolio consists of] equity, fixed income, debt, gold and real estate... as valuations become less expensive, I'd look to increase my equity exposure' NIKHIL KAMATH CO-FOUNDER, ZERODHA AND CO-FOUNDER, TRUE BEACON
Smart investing is about diversifying your portfolio and not about putting all your eggs in one basket. It is about making informed decisions so that when one asset class loses steam, you quickly reposition yourself and reap the benefits of another asset class to stay ahead of the curve. To help you invest systematically and spend smartly, we speak with three market expertsNikhil Kamath, Co-founder of Zerodha, and Co-founder of True Beacon; Nilesh Shah, MD, Kotak Mahindra Asset Management Company; and Radhika Gupta, MD & CEO, Edelweiss Asset Management-to understand how they save, invest and spend their money. The experts also share the strategies that are likely to play out in the future and the opportunities that will likely be available to strengthen your portfolio. Edited excerpts:
Q: How do you invest, spend, and save currently?
NIKHIL KAMATH:I re-invest as much as 98 to 99 per cent of what I earn; a small portion of 1 per cent or under is spent while the rest is saved.
NILESH SHAR: Traditionally people believe in income minus expenses equal to savings. For some time, I have believed that income minus savings should be equal to expenses. Savings for me is not optional, it is compulsory. I spend money to live life ina comfortable manner, but never beyond my means. I earmark a part of my income for charitable activities. To me that is the most important investment. I practice what I preach to people. I do regular investments, I do long-term investments, and I invest across the asset classes of debt, equity, real estate and precious metals.
Esta historia es de la edición February 19, 2023 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 19, 2023 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
"Understand what drives key talent"
Novartis India is a part of the Basel, Switzerland-headquartered pharma major Novartis AG
MILLENNIALS MISSING HOME
SKY-HIGH PROPERTY PRICES, COUPLED WITH SLOW INCOME GROWTH, HAVE MADE THE DREAM OF OWNING A HOME A DISTANT ONE FOR MANY MILLENNIALS. THIS COULD LEAD TO STAGNATION IN SOCIAL MOBILITY AND POTENTIALLY DEEPEN EXISTING SOCIAL INEQUALITIES
SIGNATURE MOVE
SIGNATURE GLOBAL, A LEADER IN AFFORDABLE HOUSING, IS LOOKING TO GET BACK IN THE BLACK WITH A SHIFT IN FOCUS TO MID-SEGMENT AND PREMIUM HOUSING AFTER LOW-COST PROJECTS BECAME UNVIABLE FOR DEVELOPERS
MAKING A MARK
PHARMA MAJOR GLENMARK IS STRATEGICALLY PLOTTING ITS WAY UP, ALL BY SHIFTING ITS FOCUS TO BRANDED AND SPECIALITY MEDICINE AND ENSURING IT GETS ITS R&D RIGHT
TIME TO UNSHACKLE?
YOUNG INDIA IS OBSESSED WITH APPS. BUT THE GATEWAY TO THEM IS CLOSELY GUARDED BY TWO TECH BEHEMOTHS-GOOGLE AND APPLE-WHO CONTROL 99% OF THE MARKET IN INDIA. IS IT TIME FOR INDIA TO BREAK FREE FROM THIS DUOPOLY AND HAVE ITS OWN APP STORE?
DIGITAL DICHOTOMY
Where does one draw the line between protecting consumer interests and maintaining market freedom? Industry and experts are debating this even as the Digital Competition Bill seeks to rein in Big Tech firms in India, the world's second-largest internet market
"ChatGPT helped people understand the benefits of using AI"
Humane Inc. Co-founders Imran Chaudhri and Bethany Bongiorno on AI, their product, the company's vision, and more
ON THE FAST TRACK
THE DEDICATED FREIGHT CORRIDORS (DFC) NETWORK OF THE INDIAN RAILWAYS HAS STARTED ATTRACTING MORE FREIGHT PLAYERS. FROM CONNECTING MAJOR PORTS TO CRISS-CROSSING MULTIMODAL LOGISTICS PARKS, DFCS ARE SET TO BE A GAME CHANGER FOR FREIGHT SERVICES IN INDIA
WE HAVE A MODEL MADE IN INDIA, FOR INDIA, AND BY INDIA"
Manish Tiwary, Country Manager of Amazon India, on the opportunities in the country, digital, and more
WHAT THE FUTURE HOLDS FOR AMAZON INDIA
THE E-COMMERCE GIANT HAS SEEN STEADY GROWTH SINCE ITS ENTRY INTO INDIA IN 2013, BUT THE OFFLINE PIECE REMAINS A CHALLENGE. AFTER LOSING OUT ON THE FUTURE RETAIL ACQUISITION, HOW DOES IT PLAN TO KEEP THE GROWTH ENGINES REVVING?