India's career and investment boom: Where to grow in 2024 and beyond
Kirttan Shah, co-founder of FPA Edutech and founder of Truvanta Wealth, has shared key insights on career growth and long-term investing in India. His recommendations cover opportunities in emerging sectors like logistics, digital marketing, and wealth management, as well as strategies for different types of investors.
Shah pointed to logistics, digital marketing, and wealth management as promising career fields. He noted that logistics offers strong potential, especially for those in operations. Digital marketing, driven by India's increasing digital adoption, is also expanding rapidly. Meanwhile, wealth management and capital markets remain underdeveloped, with less than 5% of India's population investing in stocks—far below the 47-48% seen in the US.
He also highlighted the success of food delivery platforms like Zomato and Swiggy, which now generate strong profits due to their market dominance.
For investors, Shah tailored advice based on risk tolerance. Conservative investors could explore small finance bank deposits, post office schemes, or arbitrage mutual funds instead of traditional fixed deposits. Moderate investors might consider equity savings funds, balanced advantage funds, or multi-asset funds for diversified returns. Aggressive investors were advised to spread their portfolios across large-cap, mid-cap, and small-cap equities, with 20% allocated to gold as a hedge against downturns.
Shah stressed the importance of a long-term approach, urging investors to focus on a five-to-seven-year horizon rather than short-term fluctuations.
Shah's recommendations highlight both career opportunities in growing sectors and structured investment strategies for different risk profiles. His emphasis on long-term planning and diversification aims to help investors navigate India's evolving financial landscape.
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