Ever since he retired from the Maharashtra state government three years ago, Mr Niranjan Ghatke has been worried about how to marry off his three daughters and keep the fire burning at home.

The former middle-level government official thought of putting his retirement benefits of 450,000 rupees (S$13,365) in a bank and living on the 8.5 per cent interest he would get on the fixed deposit.

But one of his friends advised him to put his money in the share market to earn better returns.

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