Abhishek Kumar in Outlook Business

Abhishek Kumar, who had earlier spoken to the outlet, said the valuation would take roughly 300 years of current profit to justify, called it window-dressing, and said retail investors should avoid businesses they do not understand.

Abhishek Kumar suggested keeping the debt-to-income ratio, which is total EMIs divided by monthly income, between 20% and 35%. He also suggested sorting spending into essential and optional items, so that cuts to optional spending free up money to repay costly debt.

Abhishek Kumar said he had seen families take personal loans to fund weddings and cautioned about debt traps. He suggested first building an emergency corpus and then a separate corpus for planned wedding costs, without spending beyond it.

Abhishek Kumar of SahajMoney suggested sorting spending into mandatory and discretionary items, and using windfalls such as annual bonuses to prepay high-cost loans like credit card dues or personal loans.

Abhishek Kumar of SahajMoney said people react to heavy debt in different ways, that weak personal-finance awareness adds to debt stress, and that saving first and spending what is left helps avoid falling behind on repayments.

Abhishek Kumar, SEBI RIA at SahajMoney, said total EMIs should ideally stay between 20% and 35% of monthly income, and that regularly dipping into savings to pay EMIs is a sign to start reducing debt.