Market in correction mode, actor Suniel Shetty turns to Market Guru Anil Singhvi for help
Market Guru Singhvi told Bollywood actor that there is no doubt that risk is involved with startup investments, but returns too are potentially very high.
In this special series of Bollywood actors getting investment tips from Market Guru and Zee Business Managing Editor Anil Singhvi, Bollywood action hero Suniel Shetty sought valuable advice on his investment planning. Addressing Anil Singhvi as "Champion of the startup investments", Shetty posed this question: "Where to invest, especially in the wake of market correction."
Market Guru Singhvi told Bollywood actor that there is no doubt that risk is involved with startup investments, but returns too are potentially very high. "While making startup investment, you extend help to others but you should always keep a business mindset. If out of your 10 investments, even three are successful, these may give you whopping returns and that may even be 1000%."
Talking about his earlier engagement with Suniel Shetty, Anil Singhvi said that they participated in a programme where the actor gave him dance tips and he gave him tips about investing in startups.
Singhvi revealed that Shetty has a keen interest in watersports and also owns a production house.
The biggest takeaway for Shetty from Singhvi's tips was, that for proper investments to happen, a good portfolio must be formulated, and this should comprise investments in equity, fixed deposits along with a small portion of about of 10 per cent in gold.
In a series of programmes on Bollywood stars, Singhvi had earlier advised actor and producer Dia Mirza, who had asked what would be the best investment to make in today's economic environment?
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Singhvi told her that if she goes for investment in Debt Mutual funds, she will get more tax adjusted returns in comparison with fixed deposits. Among several other options, he suggested that she should invest in Bond funds, where with slight risk she can have double digit returns in 3 years. "If taking risk is not an option, Dia should choose Gild funds, where risk is almost zero," Singhvi said.