By Mr. Chokkalingam Palaniappan, Prakala Wealth Management Pvt. Ltd.
With the election results
out and Mr. Narendra Modi expected to become the Prime Minister of India is a
big positive for the Indian Economy. The same has been reflected in the
markets. Many investors might be wondering if it is the right time to get out
of the market. Our recommendation is as follows:
Stay invested in equities
and increase your allocation to equity markets, preferably through mutual fund
route. The next three to five years should be good for the equity markets and
hence equity mutual funds. If your allocation to equity is less, increase the
same by investing bulk amounts in equity mutual funds.
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| Mr. Chokkalingam Palaniappan, Prakala Wealth Management |
Aggressive investors may
look at mid & small cap mutual funds and selective sectoral funds such as
banking and infra.
Investors who are investing
through SIP mode should continue their investment until and unless there is a
need. One may also increase allocation to SIPs or alternatively purchase bulk.
Banking, Infrastructure,
Capital Goods, Mid & Small Cap stocks are expected to do well going
forward.
Senior Citizens and
investors looking for steady income could lock-in their FDs/ CDs for 3 year
periods as interest rates are expected to go down going forward. Good corporate
deposits are giving attractive interest rates at present.
Mr. Chokkalingam Palaniappan
Director,
Prakala Wealth Management
Pvt. Ltd.
2 / 102, Third Street (First
Floor)
Karpagam Avenue, RA Puram
Chennai – 600 028
Tel: 044 - 4202 0942, 044 -
4207 3710
An alternate number to reach: 917-693-9055
Prakala Wealth Management Offerings:
Wealth Management • Financial
Advise & Planning • Strategy & Business Consulting • Portfolio
Restructuring • Mutual Funds • SIPs • RDs • Brokerage & Demat Accounts •
Life, General & Health Insurance • Fixed/ Cumulative Deposits • Capital
Gains Tax Exempt Bonds • RBI Bonds • Tax Free Bonds
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