Pune Welcomes ‘Har Ghar Investor’: Financial Literacy Drive by Rachana Ranade

Pune, 29th November 2024: CA Rachana Ranade, a renowned financial educator with millions of followers on YouTube, led a successful initiative to empower people. The ‘Har Ghar Investor’ program, presented by Upstox, was organized by CA Rachana Ranade to empower individuals with smart money management skills.

“Our shared mission of financial empowerment brought us together, but our shared milestones made us partners in progress. Upstox has been there from my first YouTube collaboration video to my first live event” mentioned Rachana.

The event sold out shortly after ticket sales began, with 500 spectators attending it. The program, held at Shakuntala Shetty Auditorium in Erandwane, drew large crowds of both young people and seniors with the youngest in the audience being 14 years of age while the oldest one being 70!

The main objectives of curating this program were to increase financial literacy among people, empower women to invest confidently and teach complex subjects like stock market and economics in a simple way. 40% of men and 51% of women who participated in this program said, “We lack confidence in investing because we don’t have in-depth knowledge of investment related knowledge.”

Rachana Ranade expressed that the program was achieving its intended objectives.

She stressed the importance of tracking investments and ensuring at least one family member is aware of financial details, while advocating for greater involvement of women in financial decisions.

While engaging with investors in a witty and flowing style, she explained money management through specific examples. She also provided information about how much of one’s income should be saved, what investment options are available, and what factors to consider when purchasing insurance.

She explained economic concepts like GST, forex reserves, fiscal deficit, and GDP in simple language and showcased how these affect the stock market. She noted that India’s economy currently ranks fifth in the world. She expressed that India could definitely reach fourth position in the next two years, and therefore, while the economy is strengthening, we should strengthen our financial knowledge and invest in the stock market/mutual funds in a disciplined manner with a long-term perspective.