Expert view: It's a good time to enter the market; one can look at banking, defence, retail, says Hemant Sood of Findoc

livemint.com:

Hemant Sood, the managing director of Findoc, is positive about the prospects of the Indian stock market. Sood says this could be a good time to enter the market and suggests buying on dips to average out the portfolio's overall performance. He adds that there is huge potential for a double-digit return this year, but this cannot be guaranteed due to overvaluation.

In an interview with LiveMint, Sood also shared his views on various sectors and the broader economy. Edited excerpts: Equity investments are made over a long period of time. They are meant to create wealth, enhance purchasing power, and beat inflation.

Markets tend to be extremely volatile in the current market scenario, but India's growth story is extremely positive in the coming times and near future. This could be a good time to enter the market, and even buying on dips is suggested to average out the portfolio's overall performance. At the same time, before making any investments, one must be extremely cautious and understand the risks of any investment made in the market.

Also Read: Elections 2024 & Stock Markets: ‘Stop predicting, start…’ says Deepak Shenoy of Capitalmind Any individual must evaluate his/her own risk appetite and invest accordingly in the market to attain financial goals. Diversification is the key. As an overall portfolio of equities, one must invest across various sectors and different companies to accomplish maximum benefits and gains, as a loss in one investment could be compensated by profit in another instead of putting all the money in one stock.