Do you want to really lock in your money?
5 months, 3 weeks ago

Do you want to really lock in your money?

New Indian Express  

There is a big lure of investing in asset classes which have a degree of being difficult to access, and exclusive club privileges. Whenever a person is approached by a good marketing team selling things like private equity, high end unit linked plans, PMS, AIF, they have adequate budgets to guile you into signing the cheque. I met a man who wanted to invest R1 crore in a private equity fund raising. This fund was being run by a person with a lot of qualification and was raising money for 7 years –with a clause saying it could be delayed by say 3 years. When your NW is R4 crore –and you are still building a nest egg does it make sense to lock up 15% of your portfolio?

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