Deepak Parekh’s Money Rules For Gen Z: Borrowing, Saving, Investing & Growing Wealth

In Chanda Kochhar podcast, Deepak Parekh, Former Chairman of HDFC shares the financial advice for youngsters starting with a golden rule: never let more than 25% of your income go into loan repayments. He warns against the growing trend of borrowing to get rich quick, urging young investors to take a more disciplined, long-term view. From SIPs and mutual funds to life insurance and property, Parekh emphasizes the importance of diversification, patience, and financial protection in an uncertain world. He also points out that many new investors haven’t experienced a real market crash yet—and when it comes, it will test their resolve.