Beware Of Risks But Embrace Advice To Build Wealth

Mr. Vijay Gupta, 68, is a private sector professional. His wife Geeta Gupta (61) and his 30 years old son Rajat are part of the family. Despite being a late investor in mutual funds who started investing post he attained 60 years of age, Mr. Gupta is a happy investor given the better than expected returns. He has developed a liking for mutual funds as one of the best vehicles to generate long-term wealth. However, this was not the case until he met Mr. Abhishek Mittal, his mutual fund distributor. Investment Preference before Mutual Funds Mr. Gupta has been a highly conservative investor. He never wanted to take risks and thus preferred investing only in residential real estate properties and banks’ fixed deposits. It could possibly be because of his lack of awareness about the risk-adjusted return mechanism in-built in modern investment tools like mutual funds. He continued with...