RADHIKA GUPTA’S “DAL-CHAWAL” INVESTING ADVICE AFTER RS 2,200 CR SCAM - HERE'S WHAT EDELWEISS MUTUAL FUND CEO SAID

Assam police have uncovered a Rs 2,200 crore stock market scam led by 22-year-old Bishal Phukan, who deceived investors with false promises of high returns. In response, Radhika Gupta, CEO and MD of Edelweiss Mutual Fund, has offered crucial investment advice, urging the public to pursue safer, more reliable strategies.

Radhika Gupta, addressing the scam, emphasized there are no shortcuts to wealth. She advised investors to adopt a conservative approach, referring to it as "dal-chawal" investing—a method she says avoids risky quick-rich schemes.

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Gupta shared her thoughts on X (formerly Twitter) and wrote, "2200 crores of fraud is heartbreaking stuff. How many reminders do we need that there is no fast route to riches… and usually if such a route is advertised with fancy cars in tow… it leads to fatal crashes. Stay safe. And stick to dal-chawal investing. It works. Without indigestion."

Her analogy likens this approach to the staple Indian diet of dal and chawal, symbolising stability. She encourages investment in well-diversified funds, known for delivering steady returns despite market fluctuations.

Meanwhile, Assam Chief Minister Himanta Biswa Sarma has also cautioned the public to avoid illegal brokers promising easy money. Sarma warned that schemes offering to double investments are often fraudulent and urged vigilance.

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2024-09-07T12:36:00Z dg43tfdfdgfd