10-30-50 rule explained: Edelweiss CEO Radhika Gupta offers guide to building wealth for young professionals, advises allocating 10% for savings, 30% for discretionary spending, and 50% for necessary expenses, while automating savings and investing smartly.

Radhika Gupta, the MD and CEO of Edelweiss Mutual Fund, has written a book titled “Mango Millionaire” that offers a fresh perspective on saving money. Gupta compares saving to a cricket net practice, where the discipline built at the beginning sets the...