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Smart Money: Stay invested in equities, says IIFL's Nirmal Jain

Updated : December 04, 2020 05:02 PM IST

On occasion of CNBC-TV18's 21st birthday, Nirmal Jain, chairman and CEO of IIFL Finance discussed how one should look at investing in this market which is at all-time highs in the special edition of Smart Money.

According to Jain, the market is catching up in terms of returns, "From 1999 to 2003, markets did not move anywhere. Markets multiplied by almost 7 times during 2003 to 2007. From 2007 to 2020, Nifty’s compounded return has been just 3 percent - lower than government securities and now the market is catching up. The market is at all-time highs, but still it is valued at 22-24 times FY21 earnings which all of us know are depressed because of COVID."

He said one should stay invested in equities as it's the good time to be invested in equities if you have not invested already.

For entire discussion watch video.

To watch other videos in this series, click on the Smart Money tab below.

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