Money Money Money: Experts discuss philanthropy as an objective of wealth management

Most people desire to give and do charity from time to time, but charity is not the same as philanthropy. Charity is basically the process of fulfilling some urgent, immediate requirement but philanthropy is the most structured approach to charity and actually a part of the process of wealth management. So how can this objective be meaningfully achieved, what are the challenges and benefits and is it only meant for the very rich? Abhishek Mathur of L&L Partners and Prabhir Correa of Waterfield Advisors discussed this and more on a CNBC-TV18 special show, Money Money Money.