HIGHLIGHTING the importance of acquiring knowledge before investing in stock market, Kiran Jadhav, CMD of Kiran Jadhav and Associates said that investors should first learn the nitty-gritty of investing in stocks. Gaining proper knowledge from financial advisors or professionals with proven track record is the first step towards financial independence. Learning from professionals enhances confidence level of investors to take right decision at a proper time.

 

He was speaking in a tête-à-tête with The Hitavada on Monday. Sandeep Wagle, Chairman cum Managing Director (CMD) of Sandeep Wagle Advisory Services and Dnyaneshwar Budhe, Head, Central India of Kiran Jadhav and Associates were also present.

 

Explaining the secret of financial fortune, Jadhav said, “If investors want to make a fortune it is crucial for them to gain both fundamental knowledge as well as technical knowledge. They should know when to enter and exit the market. Identify potential growth stocks, understand the return on investment (ROI), stop loss and other technical aspects of investing.

 

CNBC and Zee Business panellist, Jadhav said that the investors should stay away from F&O and call-put trading as these are hedging instruments and it requires high level of expertise. Accordingly, investors without high level of knowledge can invest in mutual funds (MF) via SIP route with 10 year horizon. Investors can currently allocate their funds with 30 per cent in large caps, 40 per cent in mid caps and 40 per cent in small caps.

 

“This formula can change as per market conditions”, he pointed out. Jadhav with 28 years experience under his belt said that the economy is bottoming out with the worst behind. With liquidity crunch in the economy, he expects the share market to remain range bound with the Sensex between 41,000 and 44,000 mark and Nifty between 11,500 and 13,300 mark in 2020. On the economic front, he said, “India will be an attractive destination for Foreign Institutional Investors (FIIs) as the country is was one of fastest growing economies in the world with GDP expected to grow at 7 per cent to 7.5 per cent in next few years.

 

He predicts that the Sensex to cross the 1 lakh mark by 2027-28. He said that the share market is the best investment option for investors at 15 per cent CAGR. Jadhav and Wagle have provided training to more than 70,000 candidates. Their advisory firm is only one in India giving training during live trading session. The highly specialised training sessions are presented by Jadhav who is based in Pune while Wagle operates from Mumbai. The firms tag line for investors is ‘Learn, understand and invest’.