The winner of the show takes back a huge amount.
Asked if the monetary prize played an important role in making him give the nod for joining the show, the actor, who once reportedly went bankrupt, said: "Isn't it the criterion for everyone?"
"I am honestly going to miss my kids when I am in Cape Town, but I have to make a lot of money for them. See if I was very loaded (with money), I wouldn't have left them, but now I am making money for their education and future."
"I will be honest...I genuinely wanted to do this show also because I love adventure. I have been offered all the reality shows -- from 'Bigg Boss' to 'Jhalak Dikhhla Jaa' -- they have all been kind enough to ask me, and I have always said 'no' because I felt that I am an actor, but not a great dancer," he added.
Ashish was recently blessed with twin girls, and his first child with wife Samita is a son named Agastya. He also takes care of the two children of his late sister Monica, who died in the 26/11 attacks.
The sixth season of "Khatron Ke Khiladi" will go on air in January 2015, but a date is yet to be fixed.
What's his greatest fear?
"I don't want to make a fool of myself...no one likes losing. I am not a great sportsman and I am not scared of snakes or reptiles. I am only scared of losing early," said the "Dhamaal" actor.