Rakesh Jhunjhunwala's success mantra: How to make money with Mutual Fund SIP, stock trading
Rakesh Jhunjhunwala is an inspiration for all aspiring stock traders or investors.
Rakesh Jhunjhunwala's success mantra: Rakesh Jhunjhunwala is an inspiration for all aspiring stock traders or investors. The investment wizard's tips, his investment picks and trading style are widely followed. On Thursday, Jhunjhuwala shared how one should do stock trading and why Mutual Fund SIP should be a part of everyone's financial plan.
In an interaction with ET Now, the wizard said he likes making money in the stock market as the Return on Equity (ROE) is the highest.
However, there is a Jhunjhunwala formula to stock trading. And it is - Do it fast. In fact, he told the channel - "le fatafat and de fataat (or, give and take fast). Jhunjhunwala said that trading and investment are two separate things but can be managed simultaneously.
About Systematic Investment Plan (SIP) of mutual funds, Jhunjhunwala said that this should be a part of everybody's finances. However, the SIP investor shouldn't be 'over smart". One shouldn't expect more than 12-13 per cent returns.
The investment wizard said that a lot of wealth creation would be done by the Indian equity market in the coming years. Moreover, the SIP flows are also likely to rise in the country.
Jhunjhunwala suggested that investors whould leave "quality stocks" and predicted that market volatility will continue to stay.
He said that 98% of the money is made in the stock market by being a bull.