Many DIY investors I know of, take inspiration from Gujarati businessmen and traders. The truth is that equity investing is a treasury operation for many of these businessmen. It is very common for them to put in funds from their business into the equity markets, and pull it out based on a target.
Rules for stock investing in Gujarat revolve around such treasury objectives: Book profits quickly; take out the money you have invested and let the balance run freely; do not sit on a loss; buy quickly when you get a tip, else it gets expensive and so on. The trading strategies of the businessman with spare cash is focused on utilising that money profitably.
It is like making some money on the side from equity markets. While the rest of the world will use money markets and liquid funds, risk-taking Gujaratis are happy to deploy short-term funds in the stock market. The crux of their approach is agility to move in and out, taking profits and losses with equanimity.
This cannot be the strategy for a long-term equity investor who likes to build wealth with equity through careful selection. Trading and investing are two completely different approaches and it is best to not mix the two up.
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
---------------------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300
-----------------------------------------------
0 comments:
Post a Comment