Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, has advised investors in India to stay away from cryptocurrency, arguing that the bigger concern is not crypto itself but the environment in which Indian investors access it.
Speaking at the India Today Woman Summit 2026, Gupta gave a response when asked whether crypto should be considered for wealth creation and responded: “Don’t buy crypto.”
Understanding the Asset Comes First
Gupta said investors should avoid putting money into products they cannot explain or understand.
She recalled an uncle who wanted to invest in crypto but could not explain why. According to Gupta, that lack of understanding is a warning sign. “Don’t buy things you don’t understand,” she said.
Her point applies to markets where investors may be influenced by stories of extraordinary returns. Rapid price appreciation can attract buyers, but it does not automatically mean they understand volatility, custody risks or how a crypto asset works.
India Changes the Risk Equation
Gupta made clear that her view is specific to India rather than a blanket rejection of cryptocurrency.
“I have no problem with crypto. I have a problem with crypto in India,” she said. She added that her answer could be different if she were speaking to investors in the United States.
“But in India, why would you invest when you have no resort to go to if something goes wrong?” Gupta asked.
According to Gupta, investors should consider not only potential returns but also the regulatory, tax and investor-protection framework surrounding an asset.
Limited recourse can matter if a platform fails, a dispute occurs or investors face losses that cannot be resolved.
Portfolio Discipline Over Hype
Gupta’s investing philosophy focuses on diversification rather than chasing fashionable assets.
She compared a balanced portfolio to an Indian thali, with equity, debt and gold each serving a role. She also described mutual funds as a food court where investors can choose products based on risk appetite.
Her message was consistent: returns matter, but understanding, diversification and investor protection matter first.
Also Read: SEC’s New Crypto Rule Could Bring Token Sales Back to the US
Disclaimer : Crypto News India does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
