Focus On Wealth Creation Rather Than Chasing Returns

Amitabh Pandey, 56, is a senior official in one of India’s leading cement companies. His wife, Madhu Pandey, is aged 55. The couple has two children, daughter Ananya (23) and son Rishabh (20). Pandey is a latecomer to the equity market. He did not have any investment in equity-oriented instruments till he was in his mid-40s. As his children grew and he was nearing 50, he realised he needed exposure to the capital markets for his long-term wealth creation. It was in February 2013, when the stock market was coming out of the long consolidation phase after the 2008 crisis, that Pandey began investing in equity through systematic investment plans (SIPs). He began with a monthly SIP of Rs 50,000—his first-ever investment in the market under the supervision of Shriram Deshpande, founder and director,  Renascent Bizwise India Pvt. Ltd, a distribution firm. The timing of...