Tips AMID Stock Market’s Heavy Fall: Many investors are nervous amidst this outcry of the stock market. Many investors’ money is stuck in the market, so many investors are confused whether to invest money or not. Regarding this, MD Nilesh Shah, managing director of Kotak Mahindra AMC, says that it is not prudent to sit with money in waiting for the right opportunity but should keep investing. He compared the current status of the market to the Indian cricket team of the 80s in the last century.
What kind of connection with the stock market team?
Nilesh Shah, MD, Kotak Mahindra AMC, says that due to the weakness of emerging markets, developing countries, foreign institutional investors (FIIs) are withdrawing money rapidly, due to which the selling storm is going on. In a conversation with CNBC-TV18, Nilesh compared the current status of the emerging markets to the Indian cricket team of the last century, when most of the spectators left the stadium when Sunil Gavaskar was dismissed because the remaining nine players were more Were not
He said that in the last 20 years, the performance of Emerging Markets has been weak compared to the developed markets. This happened due to weakness of China, Brazil, Russia, South Africa, Turkey and South Korea. Nilesh said that in the midst of all this, only one batsman played well, that is the Indian market. However, he further said that if the grass of your pitch is green and it is in the middle of dry grass, then the fire will also be set in it. Let us know that foreign investors are rapidly withdrawing from the Indian market amidst the weak results of the December quarter and increasing global business tension. In January, he made a net sale of Rs 87,374 crore and the same trend this month. However, during this time domestic investors are making a huge purchase of shares.
Nilesh Shah gave this advice
Domestic investors have been advised by Nilesh Shah that they should invest further in shares and mutual funds and do not sit with cash. He said that he tries to convince people not to sit at home by pressing cash. If you keep currency notes worth more than Rs 35 lakh crore in the house, then you will not get any return and surely its value will be reduced. Instead, money comes in the equity market, then it is expected that everything will be good.
Indian market worse than Zimbabwe and Iceland, for the first time in 14 months, below market cap $ 4 trillion
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