Nilesh Shah Highlights Generational Shift In India’s Investing And Wealth-Building Culture

At the India Today Conclave, Nilesh Shah, MD of Kotak Mahindra Asset Management, explained the evolution of wealth creation in India. Tracing the “Kal, Aaj aur Kal” phenomenon, he compared older generations’ reliance on EPFO, PPF, and NPS with today’s equity and startup investing culture. While long-term PPF investments grew modestly over decades, the younger generation has seen significantly higher wealth creation through equity-linked and startup investments. Shah highlighted how India’s financialization of savings, combined with growing awareness and access to entrepreneurial ventures, is empowering today’s generation to build substantial, diversified wealth, realizing that partnering with India’s best entrepreneurs drives real long-term gains.