Active Stocks
Tue Apr 23 2024 15:59:47
  1. Tata Steel share price
  2. 161.10 -0.46%
  1. Tata Motors share price
  2. 986.60 1.34%
  1. NTPC share price
  2. 346.90 1.12%
  1. Bharti Airtel share price
  2. 1,342.30 3.38%
  1. HDFC Bank share price
  2. 1,507.20 -0.34%
Business News/ Mutual Funds / News/  Kalpen Parekh shares money mantras for investors
BackBack

Kalpen Parekh shares money mantras for investors

Investing is always about a balance of risks and rewards, without risks, rewards won't come, says the president of DSP Investment Managers
  • The biggest risk is not investing, he says
  • Kalpen Parekh, President, DSP Investment ManagersPremium
    Kalpen Parekh, President, DSP Investment Managers

    Indian markets have been hammered by tepid earnings, lingering credit crisis and a consumption slowdown. Kalpen Parekh a veteran in the mutual fund industry, says a long lasting principle of good investing is to invest when there is mistrust. "Volatility is inherent. We should acknowledge it and be prepared to brace it," said the president of DSP Investment Managers, on the sidelines of Mint Mutual Fund conclave, which was held in Mumbai on 26 July. Excerpts:

    Market is in a bad shape, What should investors do?

    A long lasting principle of good investing is to invest when there is mistrust. When you invest, lower prices mean more units. We all like discounts and value adding. The markets have been sliding down in past one to two years and real long-term investors have been looking at it in terms of opportunity. They continue and stick to their path of investing. Investors should avoid doing right now is playing with his assets.

    What is the difference between Active vs Passive Investing?

    In my opinion, Active vs Passive investing is irrelevant. The single minded goal should be how to beat the inflation. Both are investments, whether active or passive.

    Watch video: ‘Invest when there is mistrust in markets’: Kalpen Parekh's money mantra


    How are investors reacting to subdued market right now?

    There is nervousness. When NAVs come down, it creates anxieties. Investing is always about a balance of risks and rewards. Without risks, rewards won't come. Volatility is inherent. We should acknowledge it and be prepared to brace it.

    Advice to first time investors

    For those consumers, who are initially not ready to risk, liquid funds or money market funds or overnight funds are good options to venture into the field of investing in money. The biggest risk is not investing, money is important.

    Three money mantras for investors

    1) Start early: Give lot of time to your money, you will see the magic of compounding.

    2) Last long through asset allocation

    3) Have a good advisor


    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    Catch all the Mutual Fund news and updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 30 Jul 2019, 04:25 PM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App