Mukesh Ambani Urges Indians to Invest in Stock Market
Mukesh Ambani, chairman of Reliance Industries, on Friday said that keeping money idle in bank accounts does not help it grow and urged Indians to consider investing in equities to build long-term wealth.
Wealth Creation Through Markets
Speaking at a public forum, Ambani pointed out that bank savings accounts offer low interest rates, which often fail to beat inflation. He said equities have historically delivered higher returns over long periods and can help investors grow their wealth if approached with discipline and proper understanding.
Ambani Advice on Long-Term Investing
Ambani advised investors to focus on long-term goals, avoid short-term market noise and consider systematic investment plans (SIPs) as a way to enter the stock market gradually. He noted that equity markets tend to reward patience and long holding periods, especially in growing economies like India.
Risks and Financial Planning
He also cautioned that investing in stocks involves risks and individuals should assess their risk tolerance before entering the market. Ambani recommended diversification and financial planning, saying that reliance solely on savings instruments may not be sufficient to meet future financial needs.
