SAVE MONTHLY AND INVEST WISELY – A Financial Inclusion project by Simran Chainani

Simran Chainani, a Std 11 IB student of Cathedral & John Connon School is working on a Financial Inclusion project to help the individuals across the economic strata of our society, in inculcating the habit of making small monthly savings, and then investing that savings in a simple, low risk and AtmaNirbhar manner. She is working on this project under the guidance of her father Suveer Chainani, who is an expert in financial markets and is a senior wealth advisor at a leading financial services firm.   For the upper economic strata of our society, there are enough and more wealth advisors who help the ‘rich’ in growing their money, in return for a fee. But the middle and lower layers of our society are excluded in this process. Simran plans to fill this gap by Educating and Executing a financial plan for such people, of course, without any economic interest. After all, they too have an equal right to participate in the economic growth of our country, but there is no one to guide them. In simple words, the financial plan is to set up a systematic investment plan in the low cost, never underperforming Index Fund from HDFC Mutual Fund called the HDFC Nifty Index Fund (Direct & Growth). On 13th Feb, Simran did an event at Pune IT Park, where she addressed all the staff of the company (over 40 people), including the white collared middle management, the blue collared staff, as well as maids and drivers, in educating and executing a financial plan for them. She partnered with personnel from HDFC Mutual Fund in this exercise of educating and completing the process of form filling etc. So audio/visuals from the event are below. She has done similar events for the employees and support staff of the housing society where she lives, including maids and drivers.

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