Market veteran Shankar Sharma ka manna hai ki hum log ab kuch zyada hi SIP inflows par depend ho gaye hain. Unhone investors ko asset diversification par focus karne ki salah di hai.
Kya SIP par zyada nirbhar hona khatre ki ghanti hai?
Market expert Shankar Sharma ne ek bada mudda uthaya hai. Unka kehna hai ki aajkal Indian stock market ka pura structure retail SIPs ke bharose chal raha hai, jo macroeconomic balance ke liye sahi nahi hai. Jab foreign investors ka interest kam-zyada hota hai, tab domestic money hi market ko sambhal rahi hai, lekin yeh long-term mein ek imbalance create kar sakti hai.
Inflation aur Rupee ka darr
Sharma ji ka focus sirf charts par nahi, balki economy ki health par bhi hai. Unke hisaab se Oil prices, inflation, aur weak Rupee aise factors hain jo India ke liye bade risks hain. Sirf equity growth se kaam nahi chalega, economy ko majboot karne ke liye foreign capital ka aana bhi zaruri hai.
Kya Returns sach mein itne acche hain?
Ek aur shocker jo unhone diya woh hai 'Real Returns' ko lekar. Sharma ka kehna hai ki jab aap taxes aur risks ko adjust karte hain, toh average investor ke haath mein sirf 7-8% ka return hi aata hai. Woh maante hain ki retail enthusiasm marketing ki wajah se hai, aur agar earnings growth catch-up nahi karti, toh future mein returns kaafi disappointing ho sakte hain.
Portfolio ko kaise bachaayein?
Valuation ke hisaab se P/E ratio kaafi stretch ho chuka hai, jiska matlab hai ki aap future earnings ke liye abhi bahut mehnga price de rahe hain. Isliye, sirf stocks mein paisa daalne ke bajaye, defensive hona samajhdari hai. Sharma ne suggest kiya hai ki thoda paisa:
- Fixed Income instruments
- Gold
- Real Estate
...mein zaroor shift karein taaki inflation aur market volatility se bacha ja sake.