A largest individual investor in the domestic equities market Rakesh Jhunjhunwala has admitted that his risk appetite is going down due to age and wants to set aside up to 10 per cent of his wealth in saving products soon.
Having suffered losses on his startup bets both in 2000 and 2007, Jhunjhunwala said he does not see any value in them both from investment or business perspectives as most of them are just meet-toos lacking any real uniqueness.
Stating that he is keeping away from investing in startups as it is difficult to understand their business like the one