Tech, healthcare, auto, renewable, infra to do well this year, says Nishant Srivastava of Torus Wealth
While investors try to meet their long-term financial goals, they should engage a financial consultant, believes Nishant Srivastava, CEO, Mass Affluent Business, Torus Wealth.
In an email interaction with MintGenie, Srivastava shares an advice for young investors: stay consistent in investing for substantive wealth creation. He also shares his optimism for the future growth of benchmark indices such as Nifty50 and BSE Sensex and gives detailed reasons for the same. So far as sectoral growth is concerned, he is optimistic about healthcare, technology, auto, renewable, defence and infrastructure.
He says that the IndianIT sector will see a 15-20 percent growth in 2025. Additionally, he looks forward to lowering of deposit rates in the aftermath of expected repo rate cut by RBI by the end of the year.
My advice would be to ‘stay long in the game, don't be in a hurry to make quick money’. The youth today is completely grappled by instant gratification and that is what they are looking for in the financial markets as well. Markets are a long-term return multiplier and you can reap benefits if you start early and stay consistent.
It's the need of the hour to have a financial consultant assisting you in your journey. With the growing industry and the number of products misinformation and misrepresentation of return and risk data is bound to happen. Only a prudent, consistent, dedicated and learned financial consultant can guide you through this journey.
“There's a saying — it's better to trust a guide when climbing a mountain rather than looking at the maps."
The recent surge in the stock market is being attributed to a confluence of factors by experts. Speculation regarding a potential rate cut by the US Federal Reserve,
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