March 18, 2024

Issue 134, Weekly Wealth Newsletter: 18th Mar 2024 – 25th March 2024 Is your Mutual Fund Portfolio Underperforming? This week stock market experienced a significant decline, wiping off 14 lakh crore rupees from Dalal Street. The Sensex crashed 1100 points intraday, dropping below the 73,000 mark, and the Nifty was under 22,000. Although the Sensex recovered slightly by next day, it was still down 906 points. Most of the investors fear underperformance, when market falls. It is more emotional, It is completely normal for the market to fall up to 5% from its peak or 52 week high. It is okay to lose 2 -3% overall profits, especially when your portfolio delivering 20% XIRR. Some things are out of our control. Just like you cannot control the actions of others, you can’t control the market. Remember investing is for mental peace and not for high returns. Call us @ 63795 18807 to Review your Mutual Fund Portfolio Weekly Market Update Indian equities ended lower on Friday because of weak global cues. There are concerns on Federal Reserve Rate cut timing and hotter than expected US Inflation data. Finance minister Nirmala Sitharaman said despite huge fluctuations globally, the Indian stock market has maintained “a certain level of sanity” and the market should be allowed to play on its own Indian Q3 GDP Growth at 8.4% beats market expectation and estimates Indian Economy grows at fastest pace in 6 Quarters Retail inflation for February remains almost unchanged at 5.09%