"The best time to plant a tree was 20
years ago. The second best time is now." - Chinese proverb
Till about
a week back, we were discussing that markets have gone very high and in last
one week broader markets have come down by 6 to 8% from their peaks. Noticeable
thing is that majorly large stocks had risen in prices in past year and price
movement in small caps had started to pick up recently from last about 2
months.
And if we
notice the fall in the recent week, it is majorly in large companies stocks. It
was due to FPIs had bought more into these stocks after covid fall in March and
now are redeeming the same investment.
In our New
Year message at InvestmentMitra From
2020 Moving Into 2021 – Evaluate and Plan, looking at the valuations, we
had advised you to rebalance your portfolio and stagger your equity investments
over 3-5 months period expecting some corrections to happen in this period.
Now with markets
down by over 6-8%, you should consider start increasing your exposure to equity
funds especially multicap. For your regular income need you may use good quality
balance advantage funds.
Consult
your investment advisor to make changes in your portfolio. Or whatsapp your
query to # 9958447700 or 9254673750 or email to info@investmentmitra.com
Thank you.
Happy
Investing!
Team InvestmentMitra
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