ETMarkets Surveyed how to invest Rs 1 lakh during Covid19 market
Volatility in the equity market opens lots of opportunities to invest in quality stocks. But in this unstable economy, should you remain heavy on equities?
The answer is, we should. Depending on your risk appetite, you may still put over half of your wealth into equities.
ET market did a survey last week and according to the reports analysts at eight top brokerages advised investors to put at least 50-60 percent of wealth inequities, 20-30 percent in fixed income, and the rest in gold.
Three famous analysts including Naveen Kulkarni, Chief Investment Officer at Axis Securities, Deepak Jasani, Head of Retail Research at HDFC Securities and Vinod Nair, Head of Research at Geojit Financial Services – suggested a similar portfolio composition: 60 percent in equities, 30 percent in fixed income and 10 percent in gold.
Apart from this many analysts warned that the is being unpredictable and will remain same for the rest of the year amid rising joblessness and a slower economic revival to come back to the pre-COVID normal.