The Hindu Business Line : Bajaj Capital unveils wealth creation guide

Mr Rajiv Bajaj (left), Managing Director, Bajaj Capital, along with Mr Ved Prakash Chaturvedi, CEO of Tata Mutual Fund, at a press conference to launch Bajaj Capital's Wealth Creation Campaign in Kolkata on Wednesday. - Parth Sanyal

Kolkata , June 23

FINANCIAL planning company Bajaj Capital Ltd on Wednesday set off a campaign on wealth creation in Kolkata, aimed at investors who attempt to build wealth chiefly through mutual funds.

Mr Rajiv Bajaj, Managing Director of Bajaj Capital, told newspersons here that the campaign would seek to bring about a sense of discipline among the city's investor community. It will, inter alia, underscore the significance of asset allocation, diversification of risks and systematic investments.

``Each investor needs to follow a well-crafted strategy, one that will lead him towards affluence over time,'' he said at the launch of the company's `Wealth Creation Guide'. In the days ahead, Bajaj Capital will try to explain the reasons why investors should choose mutual funds to build wealth, he added.

According to Mr Pankaj Razdan, MD of Prudential ICICI MF, fund houses in India have managed to satisfy the needs of the investment fraternity by focusing on the right products. Equity funds in particular have helped in adding to investors' wealth, he stated.

Mr Ved Prakash Chaturvedi, CEO of Tata MF, felt that investors should stay committed to the market and not be unnecessarily swayed by short-term fluctuations. ``There is a solid case for adopting long-term strategies,'' he said, adding that investors should aim at diversification of their holdings and provide due weightages to the major asset classes.

Mr Sanjay Sachdev, CEO and Managing Director of Principal MF, underlined the need for constructing realistic portfolios, made up of equity funds and other investment products. ``Investors have to beat the impact of inflation and taxes on a sustained basis,'' he observed.