Can afford luxury car but won't buy a depreciating asset: Radhika

Edelweiss Mutual Fund CEO Radhika Gupta recently spoke about why she does not own any luxury cars. "I can afford it, but I can't buy it," she said in a podcast. "I think a car is a depreciating asset. I don't drive and even if I drive it out of home, 30% of the value will be gone," she added.