Monthly Update - October 2018
The Indian markets continued its downward journey in the month of October as well. So far in 2018, the broad markets have corrected to the tune of 25% to 30%. This is a very big correction. Markets have not witnessed such a broad downfall since 2008.
Overall, as we mentioned in the previous monthly update this is the best time to start allocating more towards equity. The market volatility gives a good opportunity to take advantage of cost averaging in the long run. The investor will be buying more units at lower prices and gain benefits when the markets eventually recover. We are monitoring the market conditions very closely and will take necessary actions to increase your allocation to equity as and when required.