How should Team India spend T20 World Cup winnings? Veteran fund manager Nilesh Shah answers

After winning laurels for the historic win in the ICC T20 World Cup 2024, Team India has been awarded with a humongous prize money of Rs 125 crore by the BCCI Secretary Jay Shah. So, to help the team park the prize money optimally, Zee Business Managing Editor Anil Singhvi in an exclusive interview with Kotak AMC’s Managing Director Nilesh Shah asks for his piece of  investment advice.

To this the market expert Shah said, “I would advise all cricketers to talk to a good financial advisor and invest as per their advice for securing their retirement. The market wizard added that the career of a cricketer spans some 10 to 15 years, post which some will take up the job of commentary, while some can become coaches. However, if you invest the money you have earned judicially, your retirement life will be good”.

Furthermore, the expert advised that cricketers can secure their retirement by building a portfolio and engaging in asset allocation. Some money can be put to large cap funds, while the rest can be deployed in fixed income or gold. Nilesh Shah in the conversation added that, 'Our cricket board BCCI has used the talent of the country's cricket in such a way that it has reached such a position that you can give Rs 125 crore as reward."