Bengaluru Tech Entrepreneur's ₹15 Lakh Monthly Investment Claims Spark Online Debate
Bengaluru techie says he invests Rs 15 lakh per month in equities but for his mother and netizens the 'math is not mathing'
The Economic TimesImage: The Economic Times
Shobhit Bakliwal, a Bengaluru-based tech entrepreneur, claimed to invest ₹5 to ₹15 lakh monthly, igniting discussions about income and spending habits. However, he clarified that he is reallocating funds from debt to equities rather than having such disposable income, prompting mixed reactions from netizens.
- 01Shobhit Bakliwal claims to invest ₹5 to ₹15 lakh monthly.
- 02His comments sparked debates about job security and generational spending differences.
- 03Bakliwal clarified he is converting debt funds into equities, not earning that amount.
- 04The discussion reflects broader concerns about income disparities in the tech sector.
- 05Netizens reacted with humor and skepticism regarding the investment claims.
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Shobhit Bakliwal, the founder of Indusbit in Bengaluru, stirred online discussions after claiming he invests between ₹5 to ₹15 lakh (approximately $6,000 to $18,000 USD) each month. His statement drew attention amid ongoing debates about job security, particularly regarding the impact of artificial intelligence on employment. However, Bakliwal later clarified that he does not have such disposable income; instead, he is reallocating funds from his liquid debt mutual funds into equities. The conversation took a humorous turn when entrepreneur Ravi Handa used Bakliwal's claims to argue against the notion that AI is taking jobs. Social media users reacted with a mix of disbelief and jokes, reflecting generational differences in spending and investment attitudes. Many users questioned the feasibility of such investments, suggesting that either Bakliwal is not using personal funds or is exaggerating for attention. The discourse highlights broader societal concerns regarding financial stability and the perception of wealth in the tech industry.
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The discussion reflects concerns about financial literacy and the realities of investment among young professionals in the tech industry.
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