NEW DELHI: It was around 2017 when Kushal Satarkar, a Bengaluru-based software engineer, realised he wasn’t doing much in terms of saving money despite having a good enough income.
Until then his only savings comprised some traditional insurance policies, Public Provident Fund (PPF) and a few bank deposits. “Before meeting my financial planner, I believed that investments were needed only for saving tax.
I barely had any idea about investing for wealth creation. I also realized that I was fooled into buying insurance policies," said the 32-year-old.
The first thing Melvin Joseph, a Sebi-registered investment adviser and founder of Finvin Financial Planner, asked Satarkar and his wife Neha Amonkar to do was to fill up a form which required