Starting a career often means limited savings or investments. Many prefer to enjoy the present rather than planning for the future. But 32-year-old Pratibha Jadhav from Navi Mumbai is an exception.
Jadhav started her investment journey in 2015 when she was only 23. She lost her father while still in college. Her mother was a homemaker. She and her brother had to take care of household expenses. Despite financial constraints, Jadhav managed to spare a few thousand to invest in the initial days. Over nine years, she has increased her monthly investment ten times from ₹5,000 to ₹50,000.
One of her relatives introduced her to NS Wealth Solution, a Sebi-registered investment advisor (RIA). "They charged me ₹7,000-8,000 a year for advisory services," she said. After analyzing her income and expenses, the advisor suggested mutual fund schemes for investments. "I did that with just a couple of thousands initially. I also had my father's life insurance amount parked in fixed deposits. On their suggestion, I deployed it in mutual funds for better returns," said Jadhav.
As far as returns are concerned, her portfolio, which includes equity and debt instruments, has given a compound annual growth rate (CAGR) of 16.4% since inception. The debt portion has earned a CAGR of 7.4%, while the equity portion stood at 18.2%.
Jadhav's family could have faced a tough time had it not been for her father's saving habit. "We could manage it on our own, thanks to my father's investments. He inculcated a savings habit in us. I was determined to save and invest from the day I started earning," she said.
Many of her friends spend half of their salary on EMIs. "I cannot do it. I need financial security. They are not thinking about retirement. They have no idea about direct or regular funds or why the National Pension System (NPS) is important," she added.
هذه القصة مأخوذة من طبعة January 03, 2025 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 03, 2025 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Big banks flee climate coalition formed to cut carbon emissions
U.S. megabanks want to leave behind some green pledges in 2024 finance Morgan Stanley, Citigroup, and Bank of America this week withdrew from an ambitious pandemic-era climate coalition designed to help drive a shift to reduce carbon emissions by businesses.
Training
Is war a debate, a dilemma or a drama? Or can it be a poem? A class contemplates its many meanings
No End
An idyllic summer comes to a close with the dawn of realisation
Ocean of Spines
Trying to conjure a sliver of the past, and remember to whom a story belonged
What we want to read in 2025
The Lounge team’s list of unread books has only grown longer, while we also revisit and re-read old favourites
Data rules draft: focus on minors, national security
A draft of rules for India's data protection law has proposed that parents must identify themselves before their children can join certain online platforms.
Netbanking 2.0: NPCI pilot to ease mobile payments
You're about to pay for a purchase on a popular e-commerce website from your mobile, but your bank doesn't show up in the netbanking list.
New Angels Rush To Prop Early-Stage Funding Slack
Sports stars, actors and young professionals are taking early bets on new startups
Divided EU allows India to pitch for carbon tax relief
Differences within the European Union (EU) over a looming carbon border tax have given India an opportunity to pitch for some relief from its onerous requirements that are expected to hurt exports to one of the country's largest trading partners.
States' Q4 borrowing to rise 18% after Q2 growth slump
Capex boost likely as West Bengal, Maharashtra, Karnataka lead ₹4.73 tn borrowing plan
