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Sensex@ 60K: What should be your investment strategy?

Don't be lured by the market high and remain focussed on your specific financial goals and asset allocation.

  • Money9
  • Last Updated : September 25, 2021, 14:56 IST

Indian equity benchmarks scaled a new peak on September 24 with Sensex closing above the 60,000-make for the first time, shrugging off weakness in Asian peers. After hitting a lifetime high of 60,333 during the day, the 30-share BSE index closed 163.11 points or 0.27% higher at record 60,048.47. Likewise, the NSE Nifty advanced 30.25 points or 0.17% to record closing of 17,853.20.

Amidst the high voltage celebration, investors must be wary of their next potential move to make the most out of the historic moment.

Money9 Helpline hosted Raj Khosla founder of My Money Mantra to understand the best investment strategies at the moment.

Here are some excerpts:
Vivek Goenka: I have Rs 2 lakh surplus to invest. Should I stagger in five parts and invest? Or, should I wait for the market correction and then go for lumpsum? 
Khosla: The most important thing is to assess your individual risk appetite at the moment. Don’t be lured by the market high and remain focussed on your specific financial goals and asset allocation. If you have the bandwith, I would suggest to deposit half of your surplus (Rs 1 lakh) in a fixed deposit and the other half can definitely be invested in the stock market. You can diversify your investment portfolio and invest according. But make sure to review your risk appetite beforehand.
Aman Sharma: I’m a freelancer and don’t have fixed monthly income. I want to invest in mutual funds. Any tips?
Khosla: Since you’re a freelancer with no fixed income, I would suggest you to go for any kind of rule-based investing that has logic at it’s core. Beta investing strategy is one such concept that can be explored in this concern. Focus on investments that will provide you steady returns at regular intervals of time.

Published: September 25, 2021, 14:56 IST

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