Teacher’s Day Special: In the run-up to the occasion of Teacher’s Day, Zee Business hosted a special segment where market guru Anil Singhvi engaged in a thoughtful conversation with Navneet Munot, MD and CEO of HDFC Asset Management Company. During the conversation, Munot shared several insights on the qualities that new investors must keep in mind when starting their journeys on Dalal Street.
Navneet Munot emphasised that investing is a journey, not a sprint. “It is a long-term process. You can’t build wealth by jumping in with the hope of quick gains,” he said.
The market veteran also advised new investors to approach equities or equity-related products, like mutual funds, with discipline and consistency.
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Here’s a summary of some of the key things that he pointed out:
Four factors to consider before you start investing
Munot highlighted four fundamental questions that every new investor should ask themselves before making any investment decision:
1. Who are you investing for?
Is it for yourself, your children, or for a dependent? The goal will shape your strategy.
2. What is your investment horizon?
Whether it’s for the next year or the next two decades makes a significant difference.
3. What is your risk appetite?
Understand your own ability to tolerate market fluctuations.
4. What is the goal of your investment?
It could be retirement planning, saving for a child’s education or wedding, buying a house, or even a vacation planned for the next year.
Each goal requires a different approach, Munot said.
Understand before you invest
While mutual funds offer a wide range of investment solutions, Munot advised that it is important for investors to educate themselves first. The mutual fund universe has all the tools and products one needs, but one must take the time to understand them properly before starting their investment journey, he said.
