Moneywise

“One important thing is to instill a habit of saving from a very early age, because most kids’ early interactions with money usually involve only spending. While most women are definitely good at saving...I would like to tell them: It’s time to start your investment  journey. Goal setting gives clarity and purpose on what you want to do with your money. Inflation is something that should be considered at all times. Budgeting gives a lot of control to people. The next step is having an investment strategy with help from an investment/finance professional.”

Hinal Kuvadia is a Co-Founder and Principal Financial Planner at InvestorKart. She is a  Chartered Accountant(CA) and also a Certified Financial Planner (CFP). With over 13 years of experience as a Financial Planner, she regularly writes on personal finances for  the Hindustan Times & the Mint. She is passionate about helping people deal with their personal finances and achieving financial freedom at an early age.

In this episode of The Moneywise Podcast, Hinal highlights how investors can plan their financial journey and avoid common pitfalls while achieving desired outcomes. 

How do financial services benefit an investor? We are joined by Sumit Agrawal, Senior Fund Manager with Bandhan AMC, on The Moneywise Podcast. He has a very strong technical background in equity research, fundamental analysis, business valuation and portfolio management. In this podcast episode, Sumit helps us understand the financial services sector, its role in economic growth and how investors can benefit from the vast investment opportunities provided by this sector. 

Khyati Mashru Vasani is the Founder and Chief Financial Coach at Plantrich and VamaPlantrich LLP. She has a passion for discovering the financial DNA of individuals and helping people achieve their financial goals. She won the award for “Young Innovator in Finance” from the International Women Leaders Forum for three consecutive years.

In this episode of The Moneywise Podcast, Khyati helps us understand the importance of discipline in investing and all financial matters. She also shares practical aspects that could help investors become more disciplined in all matters related to finance and investing.  

“It starts by being financially conscious, which would mean being cognizant of one’s own finances first, be it earnings, savings, spending or allocating, and investing. 

In this podcast, we’re joined by Shifali Satsangee, founder and CEO of Funds Ve’daa, an award-winning financial advisory firm from Agra with a footprint across geographies. In this episode of The Moneywise Podcast, Shifali explains how women can take charge of their investment journey, set goals and create wealth. Moreover, she busts popular investment myths that dissuade potential investors. Listen to this interesting episode as Shifali highlights how people can realize their investment goals and become ‘financially conscious’.

“For me, it started with taking printouts of investment reports (for my dad) and in that process, I started understanding those reports, and began doing my own research on the same. For us, investing has been simple and goal-based. The goal and timeline of every investment is decided first. Women are great learners! We are great housemakers, we’re very good at doing the things we do. With a little effort, I’m sure we can master the art of investing and do wonders for ourselves.”

Kesha Shah, Co-founder of Tyche Financial Planners, is a certified financial planner from Mumbai with several years of experience, giving financial advice to diverse audiences on various platforms like FM radio, Facebook Live and in newspaper columns.

In The Moneywise Podcast, Kesha talks about her journey as a woman investor, the lessons she learnt along the way and the role women play in households when it comes to investments. 

“Geographical diversification simply means investing in international markets, and that helps improve the risk as well as the return possibilities of an overall portfolio. In India, we are exposed to one country, one currency opportunities and risks, per se. When we spread our investments across different countries, we tend to benefit from the global investment opportunities, hedge our risk, and move towards achieving better portfolio returns over a period of time. US govt bonds are safer assets, globally, and any investment for a short time – say, up to 1 year – would perfectly fit the bill of an investor who wants a high-quality, low-risk, low-volatility investment.”  

In this episode of the Moneywise Podcast, Sirshendu Basu, Product Head, emphasizes the importance of diversifying beyond your geography and creating a USD asset to meet potential USD expenses.

“An ELSS is a product that provides a diversified equity exposure, with a professional asset management team that is there to assess risks and help you with an appropriate risk/reward strategy. The larger opportunity in ELSS that people don’t focus on, is long-term wealth creation. ELSS offers the best of both worlds (tax benefit and potential wealth creation opportunity). If you have patience, you will be rewarded.”

Daylynn Pinto, Senior Fund Manager – Equity with IDFC Asset Management, highlights ELSS’ as tax benefit and the potential to create wealth over the long term. In this podcast, Daylynn explains why ELSS is a good option for investors, the need to invest and the reason it is a popular tax-saving instrument.

“For personal health, we advocate the benefits of keeping a healthy lifestyle, which includes being physically fit and eating a healthy diet that is a good balance of all nutrients. Likewise, I’m a proponent of keeping a balance in one’s investment journey. By balance, I imply that you have to be disciplined, you have to be diversified, patient, and regular in one’s investment process...staying healthy is not a one day, one week, or a one-month process, it’s a long-term commitment. The same holds true for investments.”

Our guest today is Dr. Amit Modgil, a physician and cardiologist with Suman Hospital in Ludhiana. Dr Modgil has nearly 30 years of experience, with specializations in internal medicine, cardiology, diabetes, and thyroid disorders. He has been a prudent investor and has a keen interest in the intersection of finance and health. Further, he has employed his expertise in examining the factors that determine the wellness of these two aspects of life (that are often intertwined!) In this podcast, Dr. Modgil shares his insights on how we can leverage best practices from these two aspects – both personal as well as financial.