Union Budget 2024: What mutual fund investors expect from FM Nirmala Sitharaman's Budget

economictimes.indiatimes.com:

budget for the financial year 2024-25. ETMutualFunds reached out to financial advisors about what mutual fund investors can expect from the Finance Minister and what changes they should make in their investment strategy.

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Experts were of the opinion that investors should avoid trying to time the market based on budget expectations and should focus on maintaining a long-term investment strategy.

“Ahead of the Union Budget, mutual fund investors should avoid trying to time the market based on budget expectations, as this can be risky and may lead to missed opportunities. Instead, focus on maintaining a long-term investment strategy and stay invested through market cycles. By adhering to a well-thought-out plan and avoiding knee-jerk reactions to budget news, investors can better achieve their financial goals. The budget should not be the reason to take action; instead, you should regularly revisit your asset allocation and market cap allocation every six months or annually. If you see any significant deviations from your targets, you should rebalance your portfolio accordingly. This disciplined approach ensures that your investments remain aligned with your financial objectives and risk tolerance, regardless of short-term market events,” said Sagar Shinde, VP Research, Fisdom.

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