Rakesh Jhunjhunwala was called ‘Bhaiya’ for a reason: Sunil Singhania
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Synopsis
The late trader-cum-investor had been emphasising on how the domestic flows are going to increase in the market. “Here was a voice that would come and give solace during challenging times. You need someone who can give you the confidence to stay invested. Hats off to him. He was the pillar of growth of the equity cult in India, along with a few others,” he said.
Describing Jhunjhunwala as a perpetual learner, Singhania said Jhunjhunwala has encouraged millions of investors. “He always used to say that equity will always give higher returns. You have to believe in India as a story, you have to ensure that your systematic investment plans continuously keep on coming.”
The late trader-cum-investor had been emphasising on how the domestic flows are going to increase in the market. “Here was a voice that would come and give solace during challenging times. You need someone who can give you the confidence to stay invested. Hats off to him. He was the pillar of growth of the equity cult in India, along with a few others,” he said.
Jhunjhunwala, who died in Mumbai following a cardiac arrest, was fond of saying at public interactions that “the mother of all bull markets is coming”.
Following diabetes, kidney and heart-related ailments, he was not keeping well for the last few months and was under treatment at Breach Candy Hospital in Mumbai where had recently undergone dialysis and angioplasty.
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