Invest in balanced portfolio for long term: Roongta Sec

Investing in a well balanced portfolio keeps an investor exposed to varied market objectives, believes Harshvardhan Roongta of Roongta Securities. In an interview with CNBC-TV18, he said it is very important to sort the funds according to requirement and then look forward to a long term goal of wealth accumulation.

Roongta is in favour of Reliance Vision , SBI Magnum Global and the Fidelity Tax Advantage fund for investors looking at a timeframe of about

Why equity investment during bad times yields good results

Every investor would like to buy low and sell high. However, the reality for a typical equity investor involves buying high as the market rises, buying less when it falls, and not buying anything when the market is really down.

When the Sensex was at 3,049 and the average forward price to earning (PE) ratio of the benchmark was 10.34 in March 2003, investors kept away from equities.