What is the trick to make money in 2024? Jaideep Hansraj answers
Jaideep Hansraj, MD & CEO, Kotak Securities, says “just stick to what you think your asset allocation should be because ultimately I agree with the fact that it is stocks which make money, it is sectors which make money. But ultimately, equity as an asset class is giving you the returns and it does not matter whether you buy X bank versus Y bank. Yes, I agree with the fact that some of the banks or some of the stocks have not done as well as the other but ultimately it will even out in the long run.”
I remember when we spoke, Sensex was at 3000, now Sensex is at 70,000.
That is true.
We were discussing the importance of FIIs. Everybody is now saying, kahan jaige FII, ab nahi toh kabhi nahi. (Where will FIIs go? If not now, when?) Is there merit in assuming that in the next six months, there would be FOMO, there would be desperation and what we have seen in December is just the trailer of what flows will come in next year?
See, I personally believe that FII flows will have an uptick going forward and my reasons are coming from the fact that a combination of how the US interest rates behave and how the dollar index behaves and how crude oil behaves.
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Of course, the fact that there is expectation that there would be a couple of interest rate drops in the US next year will fuel the fact that then FIIs will have an issue of where they should invest their money in a falling interest rate scenario and they will look at equities. And if they look at equities today, then I think
