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  • MF News My first salary was Rs.5, which I handed over to my Mom: Renuka Shahane

    My first salary was Rs.5, which I handed over to my Mom: Renuka Shahane

    After acquiring the image of an ideal bhabhi in the film Hum Aapke Hain Kaun, Renuka Shahane, also the host of DD National’s popular series Surabhi, is all set to make a comeback after 14 years in 3 Storeys. In a conversation with Cafemutual, Renuka talks about her film, finance and more…
    Riya Lakhmani Mar 8, 2018

    Tell us something about your role in the upcoming film 3 Storeys. What made you to say yes to this film?

    When I read the script, I decided to do the film. I found the role very interesting and challenging. As an actor, not getting cast into a stereotype is a rarity. The script of 3 Storeys offered an opportunity that would push me to do something I had never done before. After Hum Aapke Hain Kaun, I had acquired the image of a sweet and simple bhabhi, but this particular character would break away from that image. I will be seen in a different avatar in this movie. I am looking forward to the response because nobody on the set could recognise me after I had put my makeup and costume.

    This is going to be your first major film after a long gap of 14 years.

    My kids were my top priority. I always wanted to be hands-on mom. Before marriage, I had worked a lot. However, the long break helped me improve my skills. Though I was not actively engaged on the big screen, I was in constant touch with the Marathi television and film industry.

    What has been your learning in all these years?

    Make yourself updated and be adaptable. My kids belong to the YouTube generation; that has helped me understand the evolving taste of viewers in this digital age. You have to adapt to such changes to be relevant for your audience.

    One character you look forward to playing?

    I would love to do comedy because I have not tried it. I want to experiment with a variety of roles. I think 3 Storeys has given me that opportunity to break the stereotype.

    How did you manage your pocket money in your teenage days?

    I started getting a pocket money of Rs.15 when I was in the ninth standard. I used to save money by not eating out. Most of the time I carried my tiffin, or ate at the school canteen, where we got food at subsidised rates. But I spent the money I saved on movies and shopping.

    Talking about money and finances, what did you do with your first pay check?

    Actually, I got my first salary when I was in school. I helped a family friend and renowned puppeteer, Meera Naik, run a puppet show. She gave me a salary of Rs.5, which I promptly handed over to my Mom. Of course, I kept all my pay cheques after that (laughs). During summers, we would make envelopes to sell and earn 15 paise.

    Your first investment?

    Though I invested in FDs, my first big investment was a flat in Meera Road.

    How did the investment help you?

    I sold that house, and with the proceeds, I bought a flat in Andheri. Since buying house in the city like Mumbai is not easy, my FDs have helped me in the time of need.

    Who advices you on finance? Do you take the help of a financial advisor?

    My CA takes care of my investments and finances. In addition, my bank manager gives me advice on financial products.

    Since an actor’s profession does not come with a regular pay check, how should people in this profession plan their budget and finances?

    People in this profession should always set aside a portion of their earnings for contingency. Ever since I started working, I have been investing in PPF and FDs.

    One message on money and finances that you would want to give to all women?

    Women should understand the significance of financial independence. Even if you are a homemaker, you should think of becoming financially independent by doing the budgeting efficiently.

    What do you think about mutual funds?

    I have seen that when you invest in mutual funds, after a certain period, you get attractive returns. However, I am not interested in learning about it. I am 51 today; I have lived my life happily without knowing much about mutual funds, and I am very happy to live that way. 

     

    3 Storeys is releasing on March 9. You can watch the trailer by clicking here.

     

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    5 Comments
    Khushboo · 6 years ago `
    Very interesting.
    SEBI · 6 years ago `
    Wasn't this page dedicated to MF news?
    Nishant · 6 years ago
    This is a lighter note on how celebrities look at mutual funds. As industry stakeholders, we should know what is the perception of mutual funds among celebrities. In addition, we can learn how celebrities go about their money and investments.
    Reply
    vivek · 6 years ago `
    good insights. interesting to know that celebrities think that mutual funds fetch better returns.
    Ramamoorthy.G · 6 years ago `
    She is only 51 years old and she doesn't want to know anymore about mutual funds. To learn any age is a better age. She has to manage her finances another 2-3 decades. Let her change her mind & start learning her finances. Its good for her.
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