Surat — The Ladies Wing of the South Gujarat Chamber of Commerce and Industry held an enlightening seminar on the theme "Small savings to big savings" at Seminar Hall-A, Sarsana, Surat, on Wednesday at 4:00 p.m. Abhishek Shah, a Partner and Wealth Manager at Exxon Investment Management, provided insights to women on the importance and benefits of adopting small savings habits.
The President of the Chamber of Commerce, Vijay Mevawala, inaugurated the event with a welcome address. Mevawala emphasized the need for awareness in the current times, remarking, "In the industrial world, the concept of small savings leading to big savings is pivotal. Discipline and restraint are key drivers of success. By controlling minor business expenses, we can achieve substantial savings, which, when compounded over time, can significantly impact business success and growth."
Mrs. Geetaben Waghasia, Chairperson of the Ladies Wing, outlined the seminar's objectives, stating, "Adopting the mindset of converting small savings into larger financial reserves prepares us for the future. It's not about setting overly ambitious goals; even modest daily savings can yield impressive results and lead to considerable wealth."
Abhishek Shah, who holds CFP and CFGP degrees from the USA, detailed the evolving landscape of savings and investments. He remarked, "As India undergoes rapid changes, our approach to savings must evolve as well. Aligning our financial growth with the country's progress can help avoid future financial crises. Given the longer life expectancy of women, it is crucial to make savings that sustain for 30 to 40 years post-retirement."
Shah further emphasized the importance of educating children on financial prudence and understanding the power of compounding. He suggested different investment strategies: opting for Fixed Deposits (FDs) for short-term investments and mutual and equity funds for long-term growth. Shah also recommended sovereign gold bonds over physical gold for better returns, underlining the potential to amass significant wealth by cultivating small savings habits.
The seminar saw the attendance of several notable personalities, including Vice President Nikhil Madrasi, immediate past President Ramesh Vaghasiya, past President Himanshu Bodawala, Secretary Nirav Mandlewala, Treasurer Mrinal Shukla, and Manishaben Bodawala, a past President of the Ladies Wing, along with various entrepreneurs and dignitaries. Co-President of the Ladies Wing, Mayuriben Mevawala, expressed gratitude towards the attendees, while Alpaben Madrasi, Vice President of the Ladies Wing, introduced the speakers, and Secretary Chetnaben Shiroya orchestrated the program seamlessly.
