Ramesh Damani on how to create nest egg for grandchildren, Jhunjhunwala’s legacy and more

“ If you are someone who has no time to follow individual stocks, it is very simple, buy an index tracking fund. When the market corrects, buy a fund that tracks the Sensex and Nifty and keep it for 30 years. If the Sensex doubles, you double the money; if the Sensex goes up 5x as it has in the last say 10-15 years, you will make 5x your money. So it is a great thing to do. ”

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