‘Save, but also …’: Edelweiss Mutual Fund CEO Radhika Gupta’s advice for investors; here’s where she thinks you should spend your money

Edelweiss mutual fund CEO Radhika Gupta emphasized the importance of adopting a more well-rounded approach to personal finances, one that extends beyond the conventional emphasis on saving and long-term investing.“My job is to sell SIPs, but I always tell everyone – young and old – to take the time to enjoy the fruits of your hardwork. Save, but also spend, on things that give you joy, because it makes the journey worth it. At the end of the day, life is not a race of who has the highest NAV of most rupees, but who has lived most joyfully. The middle path exists, and it is good one,” she said in a post on X.A few days ago, Edelweiss CEO explained a common financial myth in another post, using a food analogy to make the connection between SIPs, mutual funds, and equities easier to understand. “A reasonably smart person asked me a question: should I choose equities or mutual funds or SIP?” she wrote, referring that people are still not very clear with the financial nuances. “It drives me crazy that after all these years, people think SIP and mutual funds are different, and that mutual fund means only equity,” she added.In April this year, Gupta also offered a recommendation to tackle India’s rising obesity problem.In a social media post, she wrote, “I’m glad we’re talking openly about obesity-it’s an important issue.” She suggested that restaurants should start offering half-plate portions for all menu items.“Many of us eat small portions but end up finishing everything on the plate because, culturally, we don’t like wasting food. When dining alone, sharing isn’t always possible. Restaurants could price half-plates just above 50 percent of the full portion if that helps with margins. This would give diners a way to eat less- without wasting food or money,” she further said.