Where to invest Rs 10 lakh today? One of India’s most successful fund managers shares his mantra

Over the past decade, Mirae Asset Investment Managers (India) (Mirae AMC) has become a name that must be taken into account, behind the performance of the equity scheme. Neelesh Surana, Head of Investment (CIO) of Dana House, is mostly responsible for providing consistent solid performance for many years. Surana oversees more than 94,000 crore assets of investors. Two frontlines of Mirae India AMC’s frontline, the large stamp of Mirae’s eye assets that emerged, was among the 20 largest equity funds in the Indian mutual funding industry RS 37 Lakh Crore.

In September last year, Dana’s house touched the Signs of Crore Rs 1 Lakh in managed assets (AUM) throughout the equity and debt.

Surana’s investment style is looking for a quality business, holding on to them and driving their growth. He did not avoid running bets, during the fundamentals of strong business. Before joining Mirae, Surana worked in the Portfolio Management Service Industry (PMS). He is a senior portfolio manager at ASK Investment Managers.

Surana has shown the ability to pick his shares in several market cycles and since joining Mirae MF, he has placed a strong investment process at home funds.

How should investors approach the market at this time?

In the current environment, if a person is less severe in their equity section based on the allocation of assets, they must move towards the same weight (the balance portfolio returns to their original equity allocation). They can do this by starting an additional SIP (systematic investment plan). The existing SIPS must continue. Equity investment must be done with the money you want to set aside for three five years.

We have a positive view in the market. We believe that the Indian and corporate economy will withstand the risk of oil prices. Now rises again or if interest rates rise higher than market expectations.

So investors who do not have the right allocation of assets, they must first review their portfolio and build the right model. Those who already have an asset allocation model must also review because the falling market will reduce their equity allocation to a certain extent.

What funds should investors see?

Hybrids (funds that invest in equity and debt) are usually a good starting point for every investor who is new to equity. The equity saving fund (which has around 40 percent in equity, with the rest in arbitration and debt) is a very good product because they come with low volatility and offer higher returns than fixed income funds.

For experienced investors, there are several choices. From the equity portfolio, at least 70 percent have to go to a large stamp in the current market environment. We think that a big stamp is positioned better because they also grow and show stability in a difficult environment. Large companies will succeed well because strong companies become stronger and weak in the same sector will be marginalized.

What will be the ideal allocation of assets?

This depends on the source and stability of income. For example, rental income is different from income from permanent jobs. The only thing I will say is that equity will produce a return that is tailored to the best risk for 5-10 years, that is, adjusted to volatility. We have seen Sensex changed from 100 to 60,000, 600 times for 42 years. And I see the next two decades that are very interesting for Indian equity. We expect a return of 13-15 percent for equity, the highest among all asset classes.

Considering that and if you have enough money so you can set aside for the next three years, the maximum allocation for equity is recommended. But again it is a complex decision because someone may have a regular income and someone is not.

Which sector are you bullish?

We are positive in the name of the leading banking, health care, cars and additional cars, as long as the latter benefits from the growth of electric vehicles or agnostics for that. Furthermore, in discretioning consumers, we are positive on building materials, consumer goods, etc.

What is your investment spell?

Quoting Benjamin Graham, the father of investment valued, “The smartest investment at that time was business.” This is a simple but very strong phrase. This shows that when you invest in stocks or invest in equity funds, the horizons of time and mindset you have to be as if you are running a business. Should not be influenced by short -term noise related to macroeconomic indicators and news flow. This also means it is important to find a stable business that can hold many headwinds, but foster income.

How do you invest your money?

My personal investment approach should not be something that must be tried and copied by the reader. I invest 100 percent in equity funds (clear from Mirae AMC). The only fixed income investment that I have is EPF (Employee Provider Fund) and PPF (Public Provider Fund).