FinVise India

  “Wealth is not just about money; it’s about legacy.” In India, discussions around wealth are often focused on accumulation—earning, saving, and investing. However, what is often overlooked is what happens to that wealth once we’re gone. Who manages it? Who benefits from it? Will it be preserved or squandered? These questions form the foundation of estate planning and building generational wealth. This chapter explores how Indian families can use trusts, wills, and succession planning to preserve and transfer wealth to future generations without unnecessary legal hurdles or emotional disputes. 1. Why Generational Wealth Matters Generational wealth is the financial legacy you leave for your children, grandchildren, and beyond. In the Indian context, generational wealth often includes: Family businesses Real estate Gold and jewellery Investments in mutual funds, FDs, PPF, EPF Life insurance Agricultural land and ancestral properties However, lack of proper est...

  Raise your kids to be Financial Rockstars. 7 steps for teaching kids to manage their money like a boss: 1) Set an example. Kids learn by example. If you want them to be financially responsible, you need to be a model of financial responsibility. Show them how you make financial decisions. Demonstrate the importance of budgeting, saving, and investing. 2) Teach the value of money. Kids don't understand the value of money until you teach it to them. Start with some basic concepts and build from there. Teach them how to count money, how to save money, and how to set aside money for specific goals. 3) Make money a part of everyday life. Kids should be exposed to money on a regular basis. Take them grocery shopping, let them pay for small items, and involve them in household budgeting. 4) Encourage saving. Teach your kids the importance of saving money. Help them set up a savings account and encourage them to save for something they really want. 5) Set up an allowance system. An allo...

Success Story of Mr. Ramesh Damani Family and Early Life: Unlike many well-known investors in India, Ramesh Damani was born in a well to do family. His father was already in the stock market for over 20 to 30 years. Senior Damani was able to get a good income for his family. He was able to send his son to study in the USA during that period. Ramesh Damani received his undergraduate degree from H.R. College of Commerce & Economics and an MBA from California State University-Northridge. He never wanted to get involved in the stock market but on the other side, his father had some other idea. The decision to get involved in the stock market: Ramesh Damani was the only son of senior Damani. So he always wanted to bring Ramesh back to India so that both can stay close to each other. He has tried many times but every time he has failed to convince his son to invest in the stock market. Finally, he decided to take a big risk to bring him back. He...

Dolly Khanna Success Story: Every market produces players- those who churn one multi-baggers after another. Dolly Khanna, although the name may not be quite well known as Rakesh Jhunjhunwala, she is doing quite well off. Her portfolio was quite a mystery for a long time! She has not been interviewed or known before until she bought a 1% stake in a company and Indian law makes it compulsory to disclose it to the exchange. Her stake is more than 1% of 14 listed companies now. Dolly Khanna, the name we hear along with Rajiv Khanna. The couple is based in Chennai. Rajiv Khanna has graduated as a chemical engineer from prestigious IIT Madras. During their initial days, they raised capital from the sale of a family business named ‘Kwality Milk foods’ to Hindustan Unilever in 1995. Since then the golden couple has not looked back. She is into the stock market since 1996 and her portfolio is managed by her husband Rajiv Khanna. Rajiv Khanna is widely known...