Introduction
Investing can feel like a daunting maze—especially in India, where options range from the safety of Fixed Deposits to the volatility of stocks and real estate. But the truth is, building wealth isn’t reserved for the elite. In the latest episode of “Figuring Out” with Raj Shamani, Ajinkya Kulkarni, co-founder and CEO of Wint Wealth, walks us through how everyday Indians can make informed investment choices—covering FDs, bonds, mutual funds, gold, real estate, and smart investing habits. Today’s blog post explores these insights in depth, offering explanations, comparisons, and ultimately guiding you toward a balanced investment strategy.Apple
1. Getting Started: How Much Money Do You Really Need?
One of the most common misconceptions? That you need a large sum to begin investing. Ajinkya debunks this myth early in the discussion—starting small is not only possible, it’s vital. The key is consistency, not scale. Even modest amounts, invested over time, compound into significant wealth.Apple Podcasts+1
Why this matters:
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It dispels inertia—the idea that small sums aren’t worth investing.
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Encouragement to cultivate healthy investment habits.
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Aligns with the long-term mindset needed to build wealth steadily.
2. Active vs. Passive Income: Which Should You Focus On?
Ajinkya talks at length about active income (like your salary or a consulting gig) versus passive income (returns from investments). While active income is necessary—it fuels your short-term needs and savings—passive income is the engine behind long-term wealth building. The difference lies in:
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Active income: Time-intensive, ends when you pause working.
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Passive income: Money that keeps earning—even when you’re not actively engaged.
Developing a strategy that balances both ensures that your money not only works but grows.
3. Investment Vehicles Compared: FDs, Bonds, Mutual Funds, Gold & Real Estate
Fixed Deposits (FDs)
Highly popular in India for their safety and guaranteed returns, FDs are appealing for risk-averse investors. Yet, Ajinkya warns—highly attractive FD rates might mask inflation risk or institution-specific challenges. Sometimes, “safe” choices aren’t as safe as they appear.Apple
Bonds
Compared to FDs, bonds offer similar cash-flow predictability but often with better returns. Bond investments—from government or corporate instruments—can offer attractive yields while remaining relatively low-risk. But like anything, don’t chase high rates blindly; always check issuer credibility.
Mutual Funds
Mutual funds pool resources to invest across assets—stocks, bonds, gold—offering built-in diversification. There are two main types:
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Active funds: Managed by experts aiming to outperform the market—but come with higher fees.
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Index funds/ETFs: Aim to match market performance with lower fees. Ideal for passive investors starting out.
Gold
A traditional safe haven, gold counters inflation and economic instability. In India, it’s also a cultural mainstay. But Ajinkya notes gold shouldn’t dominate your portfolio; best used as a tactical asset or hedge.
Real Estate
Often seen as a wealth trophy in India, real estate can be lucrative—but it’s illiquid, requires significant capital, and comes with maintenance and resale challenges. Strategic exposure here, rather than full allocation, is often wiser.
4. Smart Diversification: Your Money, Your Rules
The magic lies in mixing asset classes to balance risk and reward:
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Low-risk core: FDs, bonds, index mutual funds.
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Moderate-risk growth: Select active funds, small gold allocation.
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High-risk upside: Real estate, stocks, and high-growth funds.
The exact mix depends on your goals, risk appetite, and investment horizon. A balanced portfolio captures growth while keeping you protected during downturns.
5. Red Flags & Mistakes to Avoid
Ajinkya highlights a few pitfalls to sidestep on your investing journey:
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Chasing “sure-shot” returns: Quick windy-fall schemes often carry hidden risks or outright scam potential.
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Neglecting emergency funds and insurance: Before investing, ensure your basic financial safety net—like health insurance and an emergency buffer—is active.
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Ignoring liability reduction: Pay off consumer debt, especially high-interest loans, before chasing investments.
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All in on high-risk bets: Speculative investments can blow up in crashes—don’t let desperation cloud rational decisions.
6. Strategies for First-Time Investors
Here are practical steps for beginners:
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Start with systematic investments in a low-cost index mutual fund.
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Add stable instruments like FDs or government bonds for foundation.
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Don’t ignore the value of liquidity—cash savings help you stay flexible.
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As you grow more confident, cautiously incorporate equities, gold, or small real estate exposure.
7. Upskilling: Your Best Investment
Perhaps one of the most underrated takeaways from the episode? Investing in yourself. Whether through learning new skills or gaining higher qualifications, upskilling remains the most powerful way to grow one’s income—and investable capital. Use extra skills to switch lanes or negotiate raises, then funnel that into diversified investment channels.
8. Can Salaried Indians Become Rich Through Investing?
Absolutely—as this episode underscores. With disciplined saving, balanced investing, and smart choices, a salaried individual can build wealth over time. Ajinkya highlights real examples and frames strategies that scale whether you’re starting from zero or already have some capital.Apple
9. Key Takeaways: Walk Away With This
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It’s not about how much you start with—it’s how consistently you invest.
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Passive income is powerful—but requires investment capital to begin.
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Spread your assets wisely—never rely on one asset class.
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Stay away from too-good-to-be-true promises.
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Bolster your financial foundation with insurance and manageable liabilities.
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Continuous learning and skill development can accelerate your investing power.
Conclusion
Investing wisely doesn’t require fancy jargon or insider access—it’s about clarity, consistency, and a willingness to learn. In this Top Investment Guide episode, Ajinkya Kulkarni—from Wint Wealth—breaks it down: protect your foundation, diversify thoughtfully, don’t chase mirages, and upgrade your earning potential through self-development. As Raj Shamani says through his podcast series, “Figuring Out” isn’t just about raw knowledge—it’s about transforming that into real-life progress.Apple
