നിരന്തരം മാറ്റങ്ങൾ സംഭവിച്ചുകൊണ്ടിരിക്കുന്ന ഒരു മേഖലയാണ് നിക്ഷേപ മേഖല. ബാങ്ക് നിക്ഷേപങ്ങളുടേയും റിയൽ എസ്റ്റേറ്റിന്റെയും വളർച്ചാ നിരക്ക് കുറയുകും ഓഹരി വിപണിയിലേയും മ്യൂച്വൽ ഫണ്ടുകളിലേയും നിക്ഷേപം കൂടുകയും ചെയ്തു. ഈ മാറ്റത്തെക്കുറിച്ച് ചർച്ച ചെയ്യുകയാണ് ജിയോജിത്തിലെ നിക്ഷേപക വിദഗ്ധൻ ഡോ. വി.കെ.വിജയകുമാർ.
The Investment sector is in a constant state of flux. Today, the bank deposits’ growth rate has come down and the real estate sector is facing recession. At the same time, more money is being pumped into stocks and mutual funds. Dr. V.K. Vijayakumar, Chief Investment Strategist of Geojit talks about the changing investment preferences and the benefits of investing in mutual funds.
Interview Transcript: In India, since last 40 years, stocks have outperformed other asset classes like bank fixed deposits and gold by a wide margin. The returns from bank deposits and gold is around 9 percent, for stocks it is around 16 percent. Today, the Indian economy especially in the field of investments, is going through a trend of financialisation of savings. i.e., investment preferences have now changed from physical assets to financial assets. Even in the financial assets, there is a trend of shifting focus from bank deposits to shares and mutual funds. This is because of the falling interest rates of bank deposits. Many people had turned into real estate, when it showed a boom in the market. But now, the real estate is on a downswing period. When compared to other assets, investing in shares and mutual funds also gives you tax benefits.
SIP (Systematic Investment Plan) is an ideal form of investment where the investors invest at regular intervals, say, weekly, monthly or quarterly. Monthly SIP is an ideal strategy. Since the investment is done systematically the investor gets the benefit of Rupee Cost Averaging. This means that since investment is done regularly, the investor gets more units when the cost per unit is down, thereby reducing the average cost. Therefore, market corrections are good and desirable from long-term investors’ perspective. History tells us that big money is made when investors stay invested for a sufficiently long period of time. Investors should not negatively react to the correction and exit. They should keep their cool and stay on the course. Particularly, it is important to stay on the course during a bear or volatile phase. Patient investors will reap the benefits of current lower prices.