Heeramandi actor Richa Chadha, known for her roles in various films, recently shared her investment advice for women on the UnStreeOType podcast. She emphasized the importance of investing, revealing that she started investing in mutual funds around 2015-16 and used part of the proceeds to fund her marriage ceremony. Chadha noted that the days when parents saved small amounts for their daughter’s marriage are gone.
According to an ET report, the 37-year-old actor urged women to save money regularly, stating that “money saved is money earned.” She encouraged them to invest in mutual funds and open demat accounts.
Chadha shared a personal example of how her investments helped her overcome a sudden cash flow issue when she turned producer. “When we got married, I had to invest in a film that we were producing and I suddenly had a cash flow issue. I paid for one ceremony via a mutual fund that I had invested,” she said.
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Chadha also advised married women to have their own bank accounts, suggesting that they can have a joint account but should also maintain a separate account for themselves. She cautioned against putting all their money in one joint account.
Currently, Chadha is shining in her role as Lajjo, a lovelorn courtesan, in Sanjay Leela Bhansali’s “Heeramandi: The Diamond Bazaar,” which debuted on Netflix on May 1.
Financial planning is important to help plan for long-term goals such as marriage, children’s education, and retirement. A mix of investments, whether in equities, mutual funds, or fixed income avenues like fixed deposits should be considered to meet both short-term and long-term goals. Based on your risk tolerance, you can move your investment profile more towards equities which are considered riskier, or traditional options like fixed deposits or post office savings schemes if you are looking for safer avenues.
Republished. Link to Original Article: https://timesofindia.indiatimes.com/business/india-business/heeramandi-actor-richa-chadha-shares-how-mutual-fund-investments-helped-finance-her-wedding/articleshow/110392780.cms