Bengaluru: Canara Robeco Mutual Fund, in partnership with Prajavani and Deccan Herald, held a financial workshop called “#smarTomorrows” here on Monday.
The event aimed to teach people how to move beyond simple savings and start building real wealth by investing in India’s growing economy.
Sadanand Pyati, zonal sales head for Canara Robeco, addressed a packed audience where it was evident that it was not a sales pitch, but a lesson in how to invest smartly.
‘Start early’
Pyati explained that the most important factor about getting rich isn’t in how much money you have, but in how much time you give it.
He compared two friends: One who started investing early and the one who waited. Even a small amount, like Rs 10,000 a month, can grow into a big fund over 20 years because of compounding, where your interest earns its own
interest.
Many people stay away from the stock market because they fear losing money.
Pyati pointed out that while markets go up and down daily, the long-term trend of the Indian economy has been strong. He noted that even with the Covid-19 crash, the market eventually recovered and hit a new high.
Key tips for investors
Invest first, spend later: Instead of saving what is left at the end of the month, set aside your investment money as soon as you get
salary.
Use SIPs: A Systematic Investment Plan (SIP) allows you to invest small amounts regularly, which helps you buy more when prices are low.
Choose right fund: He explained different options, from “Large Cap” funds (safe and stable companies) to “Small Cap” funds (higher risk, but higher growth).
Be consistent: Stick to your plan for at least 5 to 10 years to see the best
results.