How to Build Wealth in India With ₹1 Lakh a Month: Wealth Manager Secrets ft. Feroze Azeez | FWS 72

"Since you're so young and you're starting now, I suspect that you would not be falling short with I think 3540,000 should be good enough to fulfill all your aspirations. 354,000 of SIP today. Grown at 15% every year, Should take care of these five."

"if you buy the house uh then you will be into a uh debt trap of not being able to save for other goals."

"So metros have outgrown it. That's why like you said the the debate with rent in a metro you should always rent"

"The impact of 54 and 54F getting capped will be seen in the next 10, 15, 20 years where people are now saying okay I'll invest in equity. So they'll be forced to remove money from those land and then the land prices will eventually correct itself."

"Even if you're earning one lakh a month you can achieve financial freedom. You're saying it's very easy. It's very easy because India is going to grow a good set of mutual funds if you don't do mistakes can grow money at 15 16% CG"

"Mutual funds are first. Second is gold ETF. Third, if you're very sensible about buying unlisted equity, that can be a good sharp ratio."

"So don't invest in REITs. Definitely not in any unstructured market putting a structure India's real estate be it commercial, residential has so much anomaly."

"I would not put Shahon's money unless there's a gun on my head. Definitely not. No. But like for somebody who's earning one lakh a month, middle class income, you don't recommend investing in FDs and bonds. At the age of 30, the answer is a big no. Big no. Big no. Why? Because you will see in 10 years give me anybody who propagates debt for a 10-year money needs to at least bring me one statement of a person who did an SIP for 10 years and made less than debt return or at least lost capital."

"If you have 30% in a debt fund in the form of an arbitrage, then 2 years long that becomes more tax efficient."

"So any debt fund which has 65% in pure bonds like we discussed and 35% in equity arbitrage will qualify for a long-term capital gain after 2 years. So then that'll be taxed at 12 and a half% for absolutely sir. Got it. So that's the most efficient tax uh taxable tax efficient instrument especially if you get into the highest tax bracket for the short-term goal requirements."

"I would say uh unfortunately no. Anything which makes me become very emotional with my decision making, I would say no."

"Bitcoin will never be a currency. Again, people are mistaking one big myth. ... today it's not a currency. If Tesla accepts Bitcoin, it doesn't make it a currency. He has to price the car in Bitcoin. ... Unless he gives me the bill in the form of .3 watches. that's the difference between a currency and a mode of payment ... bitcoin is a currency no it's a mode of payment it becomes a currency when you see the menu in bitcoins"

"higher the last point return lower the chance that he will deliver that return next year."

"So you should expect 3 to 4%. over nifty. So what are the must- have mutual fund categories that every retail investor should have in India today? If you have money for first one fund then it surely has to be a flexi cap. If you have second fund then it has to be multicap."

"Then if you have the third fund money for the third fund now mutual funds are so affordable and people talking about 250 rupees. I really wish and pray even a retail can afford four funds. Then you go to the large cap category then the midcap category. And then the last one you said is midcap. No small cap. If you have the fifth fund then small cap."

"In large cap would you recommend index or an actively managed large cap? uh if you're courageous then actively manage large cap"