Exactly this. Whenever the market looks overheated and i dont want to risk money in small or mid caps i change my strategy to look for blue chips that are languishing. Finding a non cyclical blue chip which has fallen 20 plus percent in a year or has been stuck at the same price for 3 to 4 years is actually very rare. At the same time i dont want to remove money from my PF of small and mid caps so that leaves me with an option of sips only. In this phase i consider my PF to be my main source of returns and the large caps to just be a monthly option to store my cash wherein i dont want returns for even 2 to 3 years. Once i have a sufficient amount allocated i fully expect to beat the index over the long term ie 15 to 20 years which would be the holding period for these kind of companies
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