Until a few months ago, Jayant Poogalia, an IT professional, thought he was saving enough for his money box. He had investments in various assets, including equity, real estate and gold. He thought he was doing good on his own until the size of his portfolio—in terms of the number of instruments as well as the amount—became too large for him to handle on his own.
That led him to a financial adviser earlier this year. Soon after he met Swapnil Kendhe, a Sebi-registered investment adviser, he realised that there was a difference between saving enough and saving right. While he was saving as much as he could, he was not saving right—the products he had and his risk appetite were not aligned to his goals. He realised his portfolio was heavily skewed towards real estate and debt investments. “The planner helped bring a method to the madness,” said Jayant.
