It Is Never Too Late To Start Investing

Dr. Abhay Shrihari Deshpande, 54, has been running a hospital in Panchgani along with his wife, who is an Anaesthetist. He had attended an Investor Awareness Program by independent financial advisor, Girish Potdar, in 2008 at Pune. However, mutual funds were not much popular then, and hence, the retail investors did not find much comfort in investing in the markets through mutual funds. Deshpande was also not an exception, and his investment portfolio was dominated by traditional investment products like Life Insurance policies, Fixed Deposits (FDs), and Recurring Deposits (RDs). A part of  his investment portfolio also comprised of market-linked insurance products, commonly referred to as ULIPs. With his trust in savings and traditional investment in FDs, he usually opted  for taking loans against FDs to meet the funding requirements for his hospital, rather than withdrawing...