Newsletter May 2023

Market overview of last month?

The Nifty 50 index touched the month's high at 18,089 and the month's low at 17,312 (last month was 17,799 and 16,828 respectively). While there has been a consistent upward trend throughout the month, the market had not experienced a significant surge, indicating a lack of strong support for a rally.???

What can equity mutual fund investors do?

Our stance remains the same as last month?Since Oct 2021, Nifty 50 has not significantly increased, causing equity mutual fund investors to experience limited returns or even losses. Reports predict this trend may continue throughout 2023. However, long-term investors in the accumulation phase need not worry. SIPs remain the best investment method, while very short-term STPs and lump-sum investments during market dips are also worth considering.?

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Everything seems more expensive these days!

You name it – food, clothes, travel – it feels like the prices have shot through the roof. Like Rs 100 is the new Rs 10?J?This is due to the effect of inflation, which is beyond our control. However, we can control our expenses and savings by planning and monitoring them. When inflation is aggressive, we need to be aggressive with our savings. Two key things to consider are how much more we can add to our savings at the beginning of each month and what percentage of that we should allocate for the short and long term. By doing so, we can prioritize our expenses and cut back on frivolous items. This approach not only helps us build wealth but also brings us peace of mind.

Our latest series of videos

People have financial goals they want to achieve, and most of the time, they are attainable and even surpassable. However, they often get stuck in the planning stage. What numbers to key in? What assumptions to make? These and other such questions seem too overwhelming. But the data is all with us because we are living this day in and out. We just need to marshal it properly. Stay tuned to our videos to see how you can easily plan your international trips, put the down payment for your house, plan your retirement etc.

That’s all, folks. Have a great month ahead!

Disclaimer - Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.