ETMarkets Smart Talk: Planning to invest in Rs 10 lakh? Invest 50-60% in equities; 15-20% in debt: Mayuresh Joshi
“The recommended allocation suggests 50-60% in equities, 15-20% in debt instruments, and the remaining split equally between Gold and cash, tailored to one's liquidity requirements,” says Mayuresh Joshi, Head of Research — Equity, William O'Neil India.
In an interview with ETMarkets, Joshi said: “We might see increased allocation towards infrastructure which will have a multiplier effect on the economy. Railway and Defense sectors are expected to be under the limelight in the upcoming interim budget,” Edited excerpts:
2023 closed on a strong note – how do you see 2024 for markets?
Mayuresh Joshi: According to our O’Neil lens, Indian markets are looking strong at the moment as markets are trading very close to their all-time highs with no foreseeable resistance at this moment.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Digital OfficerVisitIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisitThe distribution day we use to gauge market weakness is also low and under control along with broader market indices such as Smallcap and Midcap are also doing well.
Key leading sectoral indices are also trading well above their moving averages and showing good strength at this moment.
Currently, markets are looking strong, hence the focus should be on stocks with good fundamental and technical strength breaking out strongly from their bases.
ETMarkets Smart Talk: Budget 2024 — We believe government’s focus on infrastructure creation will continue: Abul Fateh
Gold indeed left a mark in 2023 – do you see a similar momentum in 2024? Should one also look at increasing exposure
