If the Lok Sabha results are in line with market expectations, double-digit returns can’t be ruled out in the current financial year, says Santosh Joseph. From a valuation perspective, banking, IT and pharma are looking good
Financial Literacy News: Scamsters are using social media platforms like WhatsApp and Telegram to trick investors with the promise of fast money. They're creating fake investment groups, pretending to be famous brands and professionals, and offering phony stock tips and trading courses.
One way to invest your money is to top up the existing portfolio, while another alternative is to diversify into multiple assets such as equity, debt and fixed income instruments by investing into multi-asset funds, suggests an expert.
Santosh Joseph believes, for the economy to perform well, consumption and even domestic imports must increase. Although global demand is rising slightly, domestic demand remains low. It is time for the consumption sector to turn around.