Nifty at 16,500! Where to invest when markets are high?
Markets are rarely high when you visualise them today, in comparison with the future, say 10 years later. We invest for the future levels of markets. The nature of the market is to rise with few temporary falls in between, says MD & CEO at DSP Mutual Fund
With BSE Sensex hovering at 55,000-mark and broader NSE Nifty at the 16,500 level, many investors are skeptical about adding more to their investments. Though the general notion is to buy at low, market levels are not in our hands, benchmark indices can take anywhere from a few days’ time to weeks to correct itself; so, if wealth creation is the objective, then waiting for the right time to invest is a futile exercise.