News From Press How to give your children a head start in investing

How to give your children a head start in investing

Parents can transform the lives of their children if they give them the right financial advice in their formative years itself. They must also lead by example. They can’t be splurging themselves and expecting their kids to be prudent with money.

Economic Times Nov 11, 2019

When they start earning, most young people blow away their salaries on eating out, new clothes and expensive gadgets. But Sailaxmi Reddy (see picture) quietly started SIPs in four equity funds and opened a recurring deposit. “I don’t have too many expenses right now and can save a big chunk of my salary,” says the Mumbai-based bank executive. She wants to save aggressively for the next 10 years to fund her entrepreneurial dream.

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