In light of recent market fluctuations, we wanted to provide an update on the current landscape and revisit our investment strategy. As you may recall, we have maintained a cautious stance in the markets over the past few months and had allocated 90% of our investments to largecaps considering valuations excess in mid & smallcaps.
The NIFTY has now retreated by 13% from its peak and has created selective opportunities for investment, which we believe are worthy of consideration.
While we do not anticipate that the correction has fully run its course, attempting to time the market bottom is inherently challenging. In this context, we think it prudent to commence gradually allocating additional funds to your portfolio, taking advantage of the current market conditions.
It's also the best time to add more funds to SIPs and not stop them.
If you would like to discuss this further, please do not hesitate to request a call.