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From the Editor-in-Chief

From the Editor-in-Chief

MONEY TODAY will offer down-to-earth advice on stock markets, mutual funds, insurance, banking, taxation, real estate and retirement planning.

Sometimes a personal need creates a great publishing idea. Personally, I have always found investing money very tricky. Not that I am a big investor, but frankly I have lost money whenever I invested in the stock market—except once when as a gesture I invested in a friend’s IPO. I have always felt the need for credible and simple advice on investment. I feel banks, brokers and financial advisers all have vested interests in selling certain products. Hence MONEY TODAY. At the risk of being immodest, integrity and credibility are the hallmarks of the India Today Group. We have nothing to sell but advice based on these values.

In many ways the time is right for such a magazine. There was time when earning money was more difficult than investing it. Just the reverse is true today. Earning money has become easier but investing it is more difficult. Rising income levels are generating record levels of savings. Investments in mutual funds trebled from about Rs 80,000 crore in 2002-3 to over Rs 2,31,000 crore in 2005-6.

Aroon Purie The total value of life insurance policies has risen by over 300% since 1999. Home loan disbursals have jumped four times in five years. The meteoric rise of stock markets in the past three years has created enormous wealth for stock investors who now number roughly 10 million.

Financial needs are multiplying, but financial products are getting complicated. Many investment decisions are being made with little or no knowledge of the scheme or its suitability. Often, what is lacking is not information but knowledge.

The challenge is to bring simplicity to a subject that is complex and ever-changing. The three fundamentals of MONEY TODAY are clarity, credibility and comprehensiveness. We will approach each area of personal finance as an informed learner. We will talk to experts, investors and do all the research it would take to make our stories informative and useful. But none of this will reach you till it is transformed into text and graphics that are easy to understand and interesting to read.

MONEY TODAY will offer down-to-earth advice on stock markets, mutual funds, insurance, banking, taxation, real estate and retirement planning. We will also cover “newer” areas of personal finance—new businesses and careers to name just two. Indians across all income classes are turning entrepreneurs— part-time or full-time.

 Their profiles are instructive case studies in managing personal finance. Career is the biggest asset for most working Indians. We will advise you on how to increase the returns from this asset. India seems set on a highway to high growth, which should lead us into an era of unprecedented prosperity. MONEY TODAY will be your partner and guide in this journey. There is no better time to start the journey than the festival of lights.

Happy Diwali.

Aroon Purie