The country’s first Financial Freedom Summit is being organized by TV9 Group’s personal finance news platform Money9. This summit of Money 9 will make every citizen of the country aware about earning, spending, saving and investing.
The summit was discussed with Radhika Gupta, MD and CEO of Edelweiss AMC.
The country’s first Financial Freedom Summit is being organized by TV9 Group’s personal finance news platform Money9. This summit of Money 9 will make every citizen of the country aware about earning, spending, saving and investing and will open the way for strategies to secure India’s economic future. The importance of financial security for the common man was discussed in the summit with Radhika Gupta, MD & CEO, Edelweiss AMC. In a conversation with Money 9 editor Anshuman Tiwari, he said that the non-increase in the savings rate is a matter of concern. He said that converting savings into investment is a big challenge.
Apart from this, Radhika Gupta said that a strong and large distribution network is needed to increase the reach of mutual funds. He further said that investing in equity through SIP reduces the risk. This gives better returns in the long run. Gupta while speaking said that mutual funds are quite underrated in India. There is a misconception among people that mutual funds are linked only to the stock market and there is risk in it.
The expert further said that the mutual fund industry should also get the benefit of tax exemption on retirement savings.
This story is being updated…
