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    This is best time to put money into market: Market expert Dipan Mehta

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    This is best time to put money into market: Market expert Dipan Mehta

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    This is the best time to put money into this market, says Dipan Mehta of Elixir Equities.

    This is the best time to put money into this market, says Dipan Mehta of Elixir Equities.
    He added, “It has been a great year in terms of what we have seen, what we thought of a few months ago, and where the market levels are. This is the best time to put money into the market. If you look at 10-year returns of the SENSEX and Nifty they are way below the average which we have seen for the past decades or so. So I don’t know what could be the trigger but at some point, time journey is going to start towards going back to the average returns which stock prices generally give to investors.”
    “Next 2-3 years could be phenomenal, we have seen subdued earnings growth for the past several years or so. I have a gut feel that maybe the next few years will be excellent for equity markets and this is a good time to enter into stocks. You could always time it by spreading out your purchases but this is not the time to start booking profit at least.”
    On stock recommendations, Mehta said, “The best ideas that we can come up with at this point in time within banking space, we liked the numbers which came from IDFC First Bank. There are some digital ideas also but companies like Affle India, IndiaMART InterMESH, Route Mobile, I think these are stocks that investors can certainly keep their toes in.”
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