Goodwill Investors’ Education initiative! 6th Jul 2020
Mutual Fund Investments are on track as the Markets are moving up steadily!
Overall, the business outlook, as measured by PMI Index, was down to a lifetime low but there is a good recovery now at least for two weeks. The Fund Houses -both domestic and Foreign companies -flush with a lot of funds are quite active in the market doing bottom-fishing of BSE-30 and NSE- 50 and Midcap shares, as evidenced by the continuous surge in the indices for a week or so.
After the devastating impact of Covid ‘ 19 on the economy and the markets, there is certainly a silver lining in the midst of dark clouds. The Financial markets are the real reflectors of the economic acceleration or deceleration. Aviation, Transport, NBFCs, Retail-FMCG are showing symptoms of steady but slow recovery and this has been reflected in the markets which have been in upper trajectory for the past few days.
The midcap funds have started showing good recovery of nearly 20 % in the recent past and the debt funds which were hit very badly are also showing some promise of recovery.
Even today the Sensex rallies over 300 points, indicating massive buying momentum in Asian peers and Foreign Fund flows. The FMCG, telecom, banking and NBFCs have shown some positive recovery during the past one week.
Fertilizer off-take has been substantial, Power sector being in limelight along with companies like Britannia doing well and the Telecom shares like Reliance-Jio going up prove the market is soon likely to be on rails.
The best bet would be to start small investments in SIP (if not already done) in Balanced fund floated by well-known and proven Fund Houses with good track record of 10-15 % return which any investors should feel satisfied without being greedy.
The Financial portfolio should consist of some good A Group shares, Govt bonds and MFs. The fund allocation formula is like this-Depending on the age of the investors. Say for example if one is 40 years old, 60 % could be in Equity and 40 % in Debts. As age advances say 60- the fund allocation out of the investible surplus could be 60 % in Debts and 40 % in Equity.
So start investing in MFs through Goodwill! A just a phone call away !
For all your investment needs feel free to reach Goodwill.
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