Mutual FUNDS

*Sensex reached an All Time High of 72,000! Should you sell?*

When Sensex had already run up from 60,000 to 67,000 in a 6 month period from Jan’23 till Jun’23, I was in two minds. Is it over valued?

I decided to not listen to "smart" folks on the internet. Rather I played "dumb" by investing in mutual funds suggested by my advisor. This helped me generate XIRR of 53.76%

As Sensex crosses a lifetime high of 72,000, some intelligent folks will still come and call it "over-valued" or say that this the "mother of bull markets."

Well, they maybe right! But what we are not told is that timing the market is practically impossible for most people. I learnt this the hard way in the last 7 years.

I personally believe that Sensex will cross 2,20,000 to 3,00,000 (12% to 15% CAGR) in the next 10 years. Calling it over-valued at 72,000 might be myopic.

Hence, I decided to do SIPs in mutual funds blindly the way my advisor suggested. They suggested me to do SIP in the following way:

a) Weekly SIP for a year for my lump-sum investment and
b) Monthly SIP for investments from regular income.

Not only did my portfolio grow but I saved time and stress of active stock picking and analysing them actively.

I invested the time saved in shifting to a new city, networking better and tried building my business.

"Those who sound bearish, make followers on social media. Those who do nothing and invest are the ones who make money." H/T Kirtan A Shah

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Disclaimer: This has been shared from an awareness perspective. Please consult a SEBI registered investment advisor before taking any decision.