It is time to focus on one’s portfolio than the market movements.
The long weekend may be just a pause in the storm of all predictions about Budget 2018. The action will continue till the Budget is announced and investor sentiment will keep changing. It is time to focus on one’s portfolio than the market movements. The anxiety is the toughest enemy to handle while investing.
If you are worried what may come from the Finance Minister when he starts his Union Budget 2018 speech, experts have given a long list of possibilities.Surabhi Marwah of EY expects a change in tax slabs and
increased deduction for health insurance.
There is a very high possibility that the popular investment avenues such as public provident fund and national pension scheme may see more tax sops. This should make these avenues more attractive for investors.
If you are still waiting on the sidelines to invest in stock markets, here are some schemes that the top notch wealth managers are recommending to their clients.
Rising stock markets may tilt your asset allocation more in favour of stocks. Many of us may not realise this given the buoyant sentiment around rising stock markets. Your age can be used to ascertain the right asset allocation for you. Click here to know how much you should be investing in risky assets such as stocks.
In this truncated week, though the bellwether indices such as Sensex and Nifty managed to remain in green barring Thursday, the small and midcap stocks have seen correction.The markets may remain volatile till Budget and one should be better off focusing on his asset allocation.