Diwali & investment:-
The auspicious occasion of Diwali, the festival of lights, is a golden time for investors who want to buy gold, invest in real estate or invest in other things. The five-day celebration of Diwali begins today, November 10, with Dhanteras. The festival will be followed by Chhoti Diwali on November 11, Diwali, the main festival on November 12, Govardhan Puja on November 13 and Bhai Dooj on November 14.
So, let’s see how you can significantly enhance your financial goals during this Diwali season and what your ideal investment plan is. According to personal finance experts, investors should focus on consistency of performance and risk-adjusted returns rather than the top-performing stocks. Proper asset allocation, diversification, and periodic rebalancing are important. You should invest in equity funds for the long term.
“Typically, investors track the historical performance of a fund when considering investing in any fund. This needs to be filtered as it does not allow performance to be observed in isolation. In coming years, last year’s best-performing stocks may or may not generate good returns. Performance consistency, rather than optimal performance, should be considered by investors. Additionally, there is a need to look at risk-adjusted returns rather than just performance,” said Mukesh Kochar, country head of assets at AUM Capital.
If the fund is determined based on market trends, values such as Standard Deviation, Sort Ratio, Sharpe and Beta etc. will be defined. must be used, he added.
Proper asset allocation, with appropriate diversification and periodic portfolio rebalancing, should be maintained at all times. Kochar said it is important to invest in equity funds for the long term and not focus on one-year returns from one muhurat to another. The bottom line is that to avoid short-term volatility, you need to start building your portfolio quickly and invest regularly over longer periods of time.
Convenient 50 to 26,000 till Diwali 2025
Vaibhav Kaushik, research analyst at GCL Broking, believes that by Diwali 2025, the Nifty 50 index could touch 24,000.
“As we can see, Nifty has given returns of less than 5% in the last 2 years. If we see that Nifty’s 1-year forward earnings PE ratio is trading near 18 levels, which is lower, then from here over the next 2 years, Nifty can deliver up to 35% returns compared to its peers. this level. Our target is 26,000 till Diwali 2025,” Kaushik said. Sumeet Bagadia, chief executive officer of Choice Broking, believes that by Diwali 2024, the Nifty 50 index could touch 24,000.
Diwali 2023: Top stock picks recommended by Vaibhav Kaushik
Larsen and Toubro TGT 4400 LLC
Kotak Bank TGT 2700
Tata TGT1000 engine
IDFC Premiere Banque TGT 177
Piramal Enterprises TGT 2000 Ltd
SRF SA TGT 4000
Diwali Muhurat 2023 Deals
Diwali Muhurat Trading 2023: Stock markets (NSE and BSE) will be open for one hour for Diwali Muhurat Trading on November 12, 2023 (Sunday). As per the announcement by BSE and NSE, the token trading session will be held from 6 pm to 7:15 pm.
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