Ahmedabad, 1st March 2025: Chiripal Group successfully hosted an insightful financial awareness session featuring renowned financial educator and expert, CA Rachana Ranade. The event was organised on Friday at the Auda Auditorium in Shela area of Ahmedabad. Employees from all companies within the Chiripal Group attended this event.
Organised
exclusively for Chiripal Group employees, the idea behind organising the
session was to equip attendees with essential knowledge on wealth creation,
smart investing, and financial independence.
A noted
figure in the finance sector, CA Rachana Ranade has helped many decode complex
financial concepts through her wise and simple advice and knowledge. Her
session at Chiripal Group focused on practical investment strategies, tax
planning, and building long-term financial security for professionals.
Rachana
Ranade stated, “True financial freedom is not about how much money you
have; it’s about having the ability to make financial choices without
constraints.” She explained the four pillars of financial freedom,
emphasizing the importance of Secure Savings, Wealth Protection, an Emergency
Fund, and Investments.
Ms. Ranade
discussed the 50-30-20 rule for budgeting, allocating 50% for needs, 30% for
wants, and 20% for savings. She highlighted the importance of life and health
insurance and noted that fixed deposits are useful for short-term needs, while
the stock market and mutual funds serve long-term goals.
When
addressing market volatility, Ms. Ranade mentioned that markets might decline
for 2-3 months and analyzed five major market crashes in the past: the
Russia-Ukraine War, the COVID-19 Pandemic, the PIGS situation, Brexit, and the
Global Economic Slowdown in 2013. She also advised that to start investing
smartly, one should choose a theme and thoroughly study it before diving into
stock investing.
Through
real-life case studies and easy-to-understand examples, CA Rachana Ranade
explained the importance of early investing, risk management, and diversifying
financial portfolios. She also addressed common financial myths, empowering
employees to make confident and well-informed choices when it comes to savings,
stock markets, and retirement planning. The interactive format allowed
attendees to clarify their doubts, making the session both engaging and highly
beneficial.
Chiripal
Group employees actively engaged in discussions, gaining valuable insights on
structuring their finances and making informed investment decisions.
Speaking
about the initiative, Mr Ronak Chiripal, Promoter, Chiripal Group said,
“At Chiripal Group, we believe that financial literacy is a key pillar of one’s
empowerment. This session with CA Rachana Ranade is organised as part of
Chiripal Group’s ongoing efforts to help our employees make informed financial
decisions, whether for investments, retirement planning, or wealth management.
We are delighted by the enthusiastic participation and hope this knowledge will
enable them to secure a financially stable future and make wise decisions for
saving and investments.”
