The market might have hit fresh record highs in July, but individual investors’ portfolio be it stocks or mutual funds might not be showing similar optimism.
Momentum in markets is largely driven by a handful of stocks, which capped upside for most investor portfolios, as the broader market is still reeling under pressure.
A strong liquidity wave, which took small and midcaps to record highs in 2017, receded in 2018 as most investors preferred to book profits. The broader market was also hit by regulatory challenges as well as high valuations. A well-diversified portfolio would have minimised losses for investors, experts said. There is still time for investors to rework their portfolio to achieve their crorepati dream, even though benchmark indices might be hitting record highs on a daily basis“Most investors are upset that their portfolio value is not rising in sync with the Nifty. This is because they wanted alpha (higher than index or market return) like in previous bull runs and had most of their capital in small and midcaps based on hearsay or tips,” Deepak Jasani, Head – Retail Research, HDFC Securities, said.
Read more--Stocks update
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