Money.
That's what drives everyone in the final analysis,
whether in the glamour world of acting or
the hard grind of scripting and producing.
Cashin' In sits down with TV celebs to know
well they handle their financial matters,
and tracks their spending patterns.
Suresh
Menon is quite a character on screen. He
is known to churn out wisecracks at the
drop of a hat...but don't be duped by his
funny disposition, the man keeps a keen
eye on his finances! The most wanted gagster
of Star
One's
The Great Indian Comedy Show cannot
be tagged a miser but it's intelligent investments
that keep him afloat!
Riya V Anandwala
chats up Suresh
Menon in what is perhaps the
actor's most serious interview ever!
How do you handle
your money?
I invest only in mutual funds. Earlier I
used to invest a lot in fixed deposits,
but now they have lost their charm. It offers
very low rate of interest, before it used
to give nine percent interest per annum.
Mutual funds are very beneficial that way.
What about other
investments?
Well, I don't invest in real estate because
I need to have something to invest (laughs).
So I just stick to one. Property, yes, my
house. I bought it for Rs 4.5 million.
What about gold?
Gold? I just have a gold chain given by
my mom and a wedding ring, of course by
my wife.
How do you plan
your life financially?
Well, I have my CA who looks after everything.
And I trust him blindly as he is my childhood
friend. He knows me since I was a pauper.
Do you blow a
lot of money on yourself?
Oh! Not at all. If you see me someday on
the road, you will find me the worst dressed
person around. Other than that, I spend
on my cell phone and petrol. I don't spend
loads on eating out, but yes, I like to
go for movies and quiet dinners.
And what about
insurance? What all has been insured?
I believe in life insurance. And other than
that, vehicle should always be insured.
So my car and my family are insured, which
includes me too.
Who is the benificiary
of your insurance?
Of course my wife
How do you deal
with your tax?
The best way is to invest a lot, so that
the money gets deducted automatically. And
that's when mutual funds are really advantageous.
But, I don't understand one thing, where
does the money go? I have been trying to
figure this out.
How did you manage
the tax when you got your first assignment?
Well, that time too it was not a problem,
because of my CA friend.
Which car do you
own and is it on loan?
I own a Skoda and Chevrolet. And obviously
they are on loan.
Has loan ever
been a problem for you?
No it hasn't. One should always be very
careful about it. I buy what I can afford
to.
How are you by
nature when it comes to finances?
You must be aware of how South Indians are,
conservative (laughs).
Do you bank on
any other profession than acting?
I too am trying to figure that out (laughs).
Well, jokes apart, I was into marketing
prior to this. I don't time to do anything
else, but yes I can fall back on marketing.
As this line is very uncertain, one should
be prepared for the worst.
Are you a part
of share business?
I don't believe in risking my money, so
no share business for me. No playing with
money!
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Posted
on 23 February 2005 7:45 pm
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