Investors, who are contemplating to enter equity and mutual funds markets to make quick money, beware. Experts suggested the investors to think about the long-term agenda to participate in these markets as “there is no short cut to making wealth”.
They were participating in a seminar on “Mutual funds – promises for the future” organised by the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) here on Saturday. They were of the view that products like long-term pension fund would show good results even as investments in equities produced better results than many traditional savings instruments.
SBI Mutual Fund Managing Director and CEO Deepak Chatterjee termed as unfortunate that domestic investors were yet to trust the Indian economy.
Foreign institutional investors, at the same time, pumped in over US $ 24 billion in the equity markets in 2012 alone. “We have entered a growth trajectory and investors should have faith in it.Rural demand
The rural demand can propel the economy even in the worst case scenario,” he said.
Motilal Oswal senior vice-president Nimesh Mehta sought to differentiate between creation of wealth through long-term investment and money making. Creation of wealth could entail foregoing purchasing power of the present to enhance it in future.
Investors asked to think about long-term agenda as there is no short cut to making wealth