Financial experts at Tech Sparks Mumbai advise maintaining investments in India's growth narrative.

Financial experts stressed the significance of comprehending asset classes, interpreting market trends, and discerning risk appetite for the purpose of long-term wealth accumulation. This was underscored during a panel discussion at Tech Sparks Mumbai 2024. The panellists, including Ujjwal Jain, CEO of Share. Market; Ashish Singhal, Co-founder and Group CEO of Peep Alco; and Vaibhav Poral, Co-founder of Deezer, unanimously recommended sustained investment in India for long-term wealth creation. They shed light on navigating diverse asset classes, offering valuable insights into investment strategies and the impact of behavioural finance.

Prowl, Co-founder of Deezer, highlighted the increasing accessibility of previously exclusive investment options to a wider investor base, emphasising the need for investors to grasp the risk aspect and align investments with their requirements. Jain, CEO of Share. Market, emphasised the role of technology tools in assessing asset classes and investor risk profiles, advocating a systematic approach to stock selection based on quantitative research principles.

The panellists also explored alternative investment avenues such as private equity, venture capital, real estate, and cryptocurrencies. Jain cautioned about the challenging risk-return dynamic of private equity and venture capital, stressing the importance of prudent asset allocation. On real estate, diverse perspectives were shared regarding the buy versus rent debate, with an emphasis on considering individual circumstances and financial goals.

Singhal of Papal Co discussed the emerging role of digital currencies, highlighting how Central Bank Digital Currencies (CBDCs) enable fractionalization and micro-transactions in various asset classes, potentially broadening access for retail investors.

The panellists also shared insights on investment trends for 2024 and offered suggestions for new investors in the public markets, emphasising a disciplined approach and considering options like mutual funds and ETFs for diversified exposure. Overall, they expressed optimism in India's growth story and advised investors to stay invested for the long term, citing the resilience of domestic investors and the positive trajectory of the Indian market.