Manish Chokhani is of the opinion that invest more in IT and healthcare. Include consumer goods, banking in core portfolio.
Speaking on the forward movement and direction of the market on the auspicious occasion of Dhanteras, Manish Chokhani of Enam Holding said that the index has crossed the January level too. Keep in mind that major reforms take place at the time of crisis. The industry will benefit from government reforms. Companies have good working capital and cost management. Interest rates have also come down in the world. The industry will benefit from this.
GDP is not necessary to earn in the market
When will double digit growth be seen? On this question, Manish Chokhani said that GDP is not necessary for earning in the market. Only 25-30 companies carry 50% profit. The market depends on banking, financial, IT sector. The market is also dependent on the consumer, metal, oil-gas sector. More important than recovery is to maintain the current growth. It is necessary to generate 1 crore jobs every year in the country.
If you change the sector every month, you will not earn
What to do in IT and Pharma? On this question, Manish Chokhani said that IT and pharma sector are doing well. Investors should reinvest in them. Keep in mind that if you change the sector every month, there will be no earnings. Build an investor balanced portfolio. Keep every sector in the portfolio. Also invest in mutual funds.
Invest more in IT, Healthcare
How to do sectoral allocation? Manish Chokhani is of the opinion that invest more in IT and healthcare. Include consumer goods, banking in core portfolio. Keep only large sectors in the core portfolio.
Retail Investors Stay in the Market
How much to invest in gold? On this question, Manish Chaukhani said that there is no cash flow in gold. People are thinking that gold is a currency. Manish Chaukhani advises retail investors that retail investors should stay in the market. Continue allocation to equity.
