Business Daily from THE HINDU group of publications
Sunday, Jan 07, 2007
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Business Daily from THE HINDU group of publications Sunday, Jan 07, 2007 ePaper |
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Investment World
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Investments Markets - Stock Markets Columns - Young Investor
Raghu Pillai, 49, is CEO, Retail Operations and Strategy for Reliance Industries' retail venture. Raghu is a well-known name in the retail industry and has had a steadily rising career graph within the sector, having occupied key positions with large organised retailers such as RPG Enterprises (heading FoodWorld) and Pantaloon Fashions (spearheading the home textiles division), making for over two decades of experience in the still-nascent sector. A demanding career does not seem to have distracted him from making his investment plans early. Here, he shares some of his personal experiences with investing: When did you start investing and what led you to do so? I started reasonably early. About 12-15 years ago. Did you start with investment in mutual funds before you moved on to direct investing in the market, or the other way around? I started investing directly in stocks and then tried out the mutual fund route. I admit that this may not necessarily be the right way, though. What role do investments such as gold, property play in your overall plan? I do have real-estate investments. These account for about 20 per cent of my portfolio. Which was your first investment, at what age and did you make money on it? Any learning from that experience... I think my first investment was in the SPIC stock, I lost some money on that! I also invested in several IPOs. What is the extent of returns you expect from your investments? I feel that 20 per cent-plus is a good return. Some experts believe that young investors can afford 70-80 per cent exposure to equity. Do you share that view? I agree with that. However, that is subject to that money being routed through mutual funds or professional portfolio managers. Do you manage your investments directly or have it done through portfolio managers? I adopt a mix of both. What about your investments in insurance? Do you advice youngsters make their first investments with a life policy? Yes, I do have investments in insurance. And I think youngsters should do the same. Finally, your advice on three things that youngsters should/should not do when they start off... Start early. Invest regularly and be disciplined. Take the mutual fund route to investing, systematic investment plans are great.
Vinay Kamath
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