50% partners in our life are women. Why are they not partners in our wealth?: asked Rajiv Bajaj, CMD, Bajaj Capital Ltd

Hyderabad, October 13, 2017: FICCI Ladies Organisation organized a Panel Discussion on “Women & Wealth” here in the city today.

The objective of the Panel Discussion was to create awareness for the members of FLO on Challenges, Changes, and Keys to Prosperity on the issue.

Prior to the panel discussion, Kamini Saraf, Chairperson of FICCI FLO Hyderabad Chapter together with the four Panelists Mr. Gaurav Mashruwala, Founder Cutting Edge; Mr. Hemant Rastogi , CEO Wiseinvest Advisors; Mr. Amit Trivedi , Founder Karamyog Knowledge Academy and Mr. Rajiv Bajaj(CMD, Bajaj Capital Ltd) addressed a press conference.

Addressing the media Kamini Saraf asked how smart are women in managing their wealth? It is a wake up call. This discussion is about empowering women as future shock proof, she informed.

Women and Finance are important. But it is the least discussed subject. There is very little literature available on the subject. There are no books, articles. 50 percent partners in our life are women. Why are they not partners in our wealth? he asked.

Women are shoulder to shoulder with men and are even ahead of men in some fields. Financial literacy of women is the need of the hour, said Rajiv Bajaj, who is extremely passionate about spreading financial literacy among the masses. Involve all women in financial decisions he told.

There are two myths—1. Women are not comfortable in handling money, 2. Women are not good in numbers? If these are true!! Why are there so many women in banking. The Chiefs of SBI, ICICI, Axis are headed by women. The great mathemeticians, mental calculator popularly known as the ‘human computer’ is the woman. If women are not good in numbers, what about Shankuntala Devi, asked Mr. Amit Trivedi , Founder Karamyog Knowledge Academy Who is associated with capital markets for two decades. Amit has written "Riding The Roller Coaster - Lessons from financial market cycles we repeatedly forget" book published by BestSeller18 - a CNBC group company.

Mr. Hemant Rastogi , CEO Wiseinvest Advisor, a veteran of the financial sector, columnist says, surveys after surveys said that women are better savers and investors. We don’t know if that applies to India. There are three traits—patience, perseverance and planning are the important traits for investment. And women posses all of them abundantly. It is only a myth that only men are good investors. How come goddess Lakshmi is women? The way women nurture families, also nurture wealth. Why our scripts depicted wealth with women? As per the scriptures, women were the partners in the wealth, he said

The panelists also observed that it not great to invest in gold. Jewellery is not the right investment. Those who invest in Gold must know this, they observed.

Later welcoming the gathering at the Panel Discussion, Kamini Saraf said, Women have long been relegated to the sidelines of the financial services sector, where advisers have traditionally focused on men and their money. Women too are engaged in professions and businesses on par with the men. And more women are outliving their spouses in earning. They hold an increasing share of jobs and have been taking greater control over the family finances. Hence, this discussion to help them understand the process and get equipped informed Kamini Saraf, Chairperson of FLO Hyderabad while addressing the press conference prior to the panel discussion.

The Panelists Mr. Gaurav Mashruwala, Founder Cutting Edge; Mr. Hemant Rastogi , CEO Wiseinvest Advisors; Mr. Amit Trivedi, Founder Karamyog Knowledge Academy and Mr. Rajiv Bajaj, CMD, Bajaj Capital Ltd participated in the panel discussion and answered to many questions raised by the 150 plus audience.