So I was going through the Indian market for the last couple of days to see which is the correct time to add some money to the market. As you can see the market has gone from 58K to almost 56.5K and thus this month, since I had some money with me, I thought of investing in some stocks.
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But the problem was the market has sharply risen today, and thus buying the DIP did not happen so what I have done is to spend 1/4th of my investment into PGIM India Midcap Opportunities Fund, this is because I have a SIP running in this fund.
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SInce the SIP is running, I took advantage of lower NAV to average my investment because when the market goes up I will get benefit from this investment.
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I do not know the button, that's why I have not invested the whole money at this time and only invested some part just so that if it goes up I will be in profit, if it goes down I can invest more to average down. I am not doing the same thing with stocks because stocks analysis takes time and to find that one multi-bagger we have to screen so many stocks so it's better for me to just invest in a Mutual Fund scheme which anyway gives me good returns in the past.
Since the Sensex is stable for quite some time, I am trying to increase my Midcap values, so previously I had around 20% and I am in a process of increasing that to 30%. So now I will be taking some extra risk to have 60% in large-cap, 30% in mid-cap and 10% in small-cap, till the next bull run.