You have not mentioned anything about your profile – whether you are a new investor or whether you already have investments in mutual funds. So, we are offering some general advice to you.
First, it is not possible to predict the future course of the market. At least not consistently for a long period. Also, most of the advice you hear - book profits, sit on cash, invest in this sector, etcetera - is meant for traders. These individuals track the market closely and try to make money. Most of us have a day job. And we invest a part of our savings in these investments. The investment cannot be our whole life. You have a job to focus. So, always keep that mind.
Many so-called experts predicted a bear market in the wake of the Covid-19 pandemic. However, the S&P BSE Sensex, the market bellwether, has gained around 65% since March 23. It seems, the market is going to go further up as vaccinations are showing promising results and if everything goes according to the plan the world would win the battle with the deadly virus. As you can see, the market is rising steadily even though there are several questions about the resilience of the economy and company profits.
For example, if you are conservative equity investor, stick to large cap mutual funds. If you are a moderate investor, you may stick to flexi cap funds. Aggressive investors may choose mid cap and small cap schemes.
1 Comment on this Story
Bijul Desai57 days ago
I guess hold for sometime ...