Nikhil Prabhakar's Colleagues at Fintox
Nikhil Prabhakar's Contact Details
Mumbai,Maharashtra,India
Fintox
Nikhil Prabhakar's Company Details
"Fintox is an extension of my own tryst with investments.It is an initiative to make people conscious about investments while making it simple for them to build wealth." - Founder, FintoxShort story on Fintox"I made my first investment by opening a PPF account back in 2008. It was a decision i took based on my father's advice.In the hindsight, i think, it was a good decision, if not the best, given the level of financial literacy in India.Only 3% Indians invest in stocks, mutual funds, FDs , PPF or P2P lending etc. Most prefer physical assets which can be seen, touched & felt like Real Estate (85+% of Indian wealth) or Gold (11% of Indian Wealth).Even after passing out from IIM Ahmedabad in 2013, i could not take a step into investments in financial assets.I encountered things that prevent us from investing like fear of loss, myths & rum-ours, complexity & lack of guidance etc.Over the next 2 years, I read a lot of books, talked to a lot of people but I could not invest on my own.However, things changed and I took a leap beyond PPF after my marriage in 2016. My wife questioned why was I wasting time in reading and not investing at all. And that was the Eureka Moment !She had been working in a Private Bank for 3 years, confidently selling mutual funds. She was making people invest @15% CAGR from a small town in Chattisgarh.In January 2017, I opened my Demat Account and since then its been no looking back. I am really confident about stocks, derivatives, mutual funds, commodities, P2P lending & alternative investments. Though not a billionaire yet, but I really feel that i gained the attitude to be one soon.Being financially independent is one of the best things. And all it takes is discipline, persistent attitude, the right guidance, patience & avoiding excuses.With Fintox, i wish to make investing simple, help people in being financially independent & build an investment conscious nation." – Founder, Fintox