Telly stars' cash mantra
Telly stars on money matters and financial investmentsUpdated: May 22, 2007 18:08 IST
Television actors are perpetually stuck in the rut of hectic shooting schedules and erratic timings. Of course, their earnings make up for all the hard work they put in to their careers.
While most telly stars are disciplined and systematic investors, there are others who are clueless about plans on making their money work for them.
Rohit Roy, currently focusing on films, calls himself a conservative investor. He states, "I mostly invest in mutual funds and real estate. The recent hike in the interest rate for home loans did affect us. But, now I see interest rates being slashed down. Another good way to save is putting money in fixed deposits. The bank I deal with offers me 10 per cent interest instead of 9.5 per cent."
His brother Ronit Roy, seen in four Balaji's Telefilms prime time serials, thinks otherwise.
According to him, the hike in the interest rate of fixed deposits is marginal and is not very beneficial for those who have their money in other sectors.
He informs, "I dabble in commodities, and equities. Recently, investing in real estate has proved beneficial for me. I earn more on real estate; hence I invest very little in fixed deposits."
Mona Singh, the face of Sony Entertainment Television, strongly believes in playing it safe. She says, "Most of my money is invested in UTI bonds since the returns are fruitful." Her father and chartered accountant take care of her finances.
Talking about the swings in the share market, the Roy brothers say that they faced a huge loss four years ago. Since then, Rohit has kept away from the market while Ronit has taken to mid-term and long-term investments.
"I don't want to play with the market anymore, it's quite risky. I'm not inclined towards it," says Roy junior. Ronit adds, "I don't speculate..so, I don't stand a chance of losing big amounts."
While jewellery is considered a profitable investment, Ram Kapoor has a different opinion to offer. He says, "My wife Gautami has a huge collection of jewellery, but I don't view it as an investment. It's either inherited or bought by me, so there are sentiments attached." He says that their investments are restricted to fixed deposits.
Amrita Singh is unsure of where her money goes. "I've absolutely no idea about my financial investments. I think I invest in mutual funds," Singh signs off.
First Published: May 22, 2007 17:22 IST