ASK AJIT: ‘How Do I Invest Rs 20 lakh?’

‘I want to invest Rs 20 lakhs. Could you please tell me across how many months I need to spread the amount for investing?’

Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries:

 

Kitchappan: I am holding 8,377 shares of DHFL @ Rs 25 and 21,550 shares of Yes Bank @ Rs 18.

I am a long-term investor.

Advise me on whether to hold or book the loss.

Ajit Mishra: Exit both.

 

Manoj Patra: I have invested in these shares for long-term. Please suggest what I should do.

Ajit Mishra:

 

Smita Kumar: I have a corpus of Rs 80 lakhs. My age is 62.

Please advise how to invest so that I can get Rs 40,000 every month without exhausting my corpus. Is it possible?

Ajit Mishra: Investing in monthly income plan mutual funds would be advisable.

 

Rahul Kansara: Hi Sir. I have bought 525 shares of Sterlite Technology at an average of Rs 393 three to four years ago. I am long-term investor.

Currently, I am incurring loss. What should I do (keep/switch/other)?

Ajit Mishra: Switch to Reliance Industries.

 

Ganapathi Kamath: I have listed my shares along with average price. Please advise whether I should average further or exit.

Ajit Mishra:

 

Wangnue: Please advise about hold/exit (and if possible any buy). Here’s is my portfolio.

Ajit Mishra:

 

Babichan K C: Kindly have a look at my stock portfolio and suggest whether I should sell/hold/add more. I am holding these stocks since more than three years. I look forward to your valuable suggestions.

Ajit Mishra:

 

 

Somasekhar Gaduputi: I have the following shares purchased at a higher price. Please advise me.

Ajit Mishra:

 

Vijay Chavali: I bought 5,000 shares of TATABSL on May 21, 2021, at Rs 98.60. I request your suggestion. Should I hold for one year or sell this stock immediately? Please reply.

Ajit Mishra: Hold.

 

Rima Porel: I have Rs 20 lakhs and I want to invest that amount for the next 10 years. Could you please tell me across how many months I need to spread the amount for investing?

Should I invest Rs 1 lakh per month? This will take 20 months for me to invest the complete Rs 20 lakhs.

Should I invest Rs 2 lakhs per month, which will take 10 months for me to invest the complete Rs 20 lakhs?

Or should I invest some other quantity? Your response is highly appreciated.

Ajit Mishra: Since markets are trading at all-time highs, we would recommend that you phase out your investment over 2-3 years and invest quality blue chip companies.

 

Sunil Philipose: I have shares of Karuturi Global LTD (KARGLO). Now, the company has filed for liquidation. Is it possible to sell my shares in future? Will I be able to get my investment money back?

Ajit Mishra: It would depend on the outcome of the insolvency proceedings. It is a penny stock. Please avoid investing in such stocks in the future.

 

Sohni: What do you suggest for Videocon shares? What effects it will have after insolvency after Vedanta takes over?

Ajit Mishra: Avoid.

 

Vidyadhar K Jadhav: I am holding following stocks. I seek your advice on whether to hold/add/exit.

Ajit Mishra:

 

Tushar: Please advise about following stocks. Eagerly awaiting your opinion.

Ajit Mishra:

 

 

Nandan Alok: I am having 2,500 shares of Reliance Power Limited @ Rs 14.20. Shall I sell or hold?

Ajit Mishra: Exit.

 

Please mail your questions to [email protected] with the subject line ‘Ask Ajit’, along with your name, and Mr Ajit Mishra will offer his unbiased views.

Disclaimer: This article is meant for information purposes only. This article and information do not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/schemes or any other financial products/investment products mentioned in this QnA or an attempt to influence the opinion or behaviour of the investors/recipients.

Any use of the information/any investment and investment related decisions of the investors/recipients are at their sole discretion and risk. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Opinions expressed herein are subject to change without notice.

Feature Presentation: Ashish Narsale/ Rediff.com

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