Power your dream to drive with a plan

'I'd like to take my whole family out for weekend spins. Can you suggest some good funds to invest in, so I can buy a Rs 25-lakh car?' This was a real-life query Value Research received from a well-to-do CEO. The first thing to keep in mind when you're looking to purchase a pair of wheels is that you're not buying an 'asset' in the true sense of the word. You'll never be able to convince your financial advisor that you're making a good investment decision. Unlike a home which can earn you capital appreciation from rising property prices over the years, a car is a depreciating asset. Its market value falls by 25-30 per cent

This article was originally published on August 25, 2021.