SEBI Registered Investment Advisor, Mr Suresh Parthasarathy, explains the carnage in the Indian stock markets and shares his views.
Global markets panics.Indian markets too down but there is no panic here. Currencies across world down but Indian currency have shown its resilient.
Google Finance live feed snap of Nifty at 11:37 AM 24-Aug-2015
Because only market in the world growing at 7 per cent is India.With commodities are down our currency reserves are at 14 months. Indian being depended on crude and commodities any correction it will add to its strength.
Is it means there will no pain in Indian market?
It is not so.Assume there is a fire at your neighbourhood, you will have pain till the fire doused.But the impact on you will not be the same as your neighbour if you have taken few preventive steps once you know there is a fire.
What it means to investors?
Those followed the asset allocation diligently and invested for goals based on risk appetite( read as preventive steps),it is another day for you to understand that anything goes up without fundamental it will see the correction.
Since you have done your basic with the support of Myassetsconsolidation.com, look at your portfolio today,note down your portfolio return and compare after the dust settled.
So, my advise is that stay invested on tough time it will help you to achieve good return.
One final say for those tempted to buy stocks.
Because some of the stocks are down you may be tempted to buy it.
- Follow the basics
- Stay away from the stocks at has high FII stake.
- Stay away from the companies that does not have corporate governance.
- keep away from the stocks where the guidance are too poor.
- Finally keep your greed away while investing.
You can ask your queries to Mr Suresh Parthasarathy at http://finvestor.in/e/sureshpartha
Written by SEBI RIA, Mr Suresh Parthasarathy at http://www.myassetsconsolidation.com/investment-advisory/dont-marry-asset-class/