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‘People invest more in SIPs rather than FDs now’

Rachita Chopra, Apeejay School of Management (ASM) alumnus, shares tips for making wise financial decisions



Rachita Chopra is an Apeejay School of Management (ASM) alumnus, who pursued her Post Graduate Diploma in Finance and Marketing from the institute.

In an informal interview, the finance regulatory analyst in Saxo Group Pvt. Ltd. says the first step towards being financially smart is to begin investing money, and  advises all at the same time to pay their credit card bill on time to avoid a downgrade in the credit score. Edited excerpts:

What does a day at the office look like?

I am working in the regulatory team in the office. My work involves monitoring the financial reporting to ensure that reports are delivered on time and I also look after reducing market manipulation. It is a lovely job to me. I am very happy with my work. At the moment, my organisation is following the work from home model. This helps me maintain a good work life balance. That is the key, I feel.

What inspired you to join the world of finance?

This was my passion and I always wanted to join the world of finance. I have a commerce background, I studied BBA from Guru Gobind Singh Indraprastha University in Delhi. So, this was my field of interest. I’ve always enjoyed working with money and I’ve been investing in the stock market since my college days. So to work in an investment banking firm is a dream come true for me.

Tell us about the Apeejay days?

I fondly remember my college days, all my classmates, teachers, and the good times I spent with them. It was a different world altogether. Thanks to social media, most of us are still in touch, no matter wherever we are. We learned things the hard way in college unlike the present times of ready access to everything over a tap on the smartphone.

The institute inculcated team bonding and team spirit since we used to participate in various inter-college and inter-university competitions. I did not miss any of these opportunities. The curriculum was so aptly designed that it helped me by preparing me in taking on the bigger challenges of corporate life. The presentation skills taught during my MBA days helped me in dealing with the board room meetings and it gave me the desired confidence to put my viewpoint forward effectively. Overall, being at Apeejay has been a powerful and enriching experience for me personally.

What new trends do you see in the finance industry?

The future of finance is all about managing across multiple functions, building the right combination of capabilities and establishing a strong data foundation. Money has well and truly gone digital. People are more interested in investing in SIP (Systematic investment plans) rather than FD (Fixed deposits).

One piece of advice for the current students?

Only spend money on what you can afford and avoid going into debt.

Party hard but not at the cost of something which leads you into trouble.

Start building your corpus and learn to invest.

Future targets?

Well, the learning phase never comes to an end. It is always good to keep ourselves updated by learning new skills. As of now, I am planning to learn more about investment opportunities which helps me in career growth.

Finally, some finance tips for all:

Pay yourself first and build an emergency fund.

Pay your credit card bill on time to avoid the late payment fees which will impact your credit score.

Arijit Roy is a young correspondent at Apeejay Newsroom. He has done his masters in English literature from Delhi University and has a book of poems published by Writers Workshop India. He can be reached at [email protected]