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1. How to become rich with Mutual fund sip
Smart Mutual Fund SIP - July 2021 @ sip wealth creator using India's no.1 brokerage firm Zerodha's coin platform.
Hey welcome back!
Today is 9th July 2021 and you will get the video on 11th July 2021 before 8 O'clock in the morning.
1st of all, Let's check the valuation of the stock market.
Date - 9-07-2021
BSE - Sensex - 52386
PE (Price to Earning) – 31.40
Price to Book Value – 3.38
Dividend Yield - 1.04
Right now stock market valuation is at 31.40 PE (Price to Earning) means for earning one rupee we have to give 31.40 rupees right now, which is expensive deal as it is delivering just 3.18% return, and right now bank saving accounts are offering 3.5% to 4% interest rate and hence the expected return is much less than the bank saving account. Bank saving account offers risk free return of 3.5% to 4% return then why the hell we will take risk of investing the money in stock market for 3.18% returns expectations.
So, we will not infuse new money in stock market right now and instead we will wait for either earnings of the companies to pick up to justify the valuation or vice versa. We don’t have any problem buying the markets at higher level, but we will only buy it after we get valuation justification. Till then we will park the money in debt fund especially, in GILT Fund.
The Fund that we are investing is, Nippon India Gilt Securities Fund.
SIP AMOUNT - 5000
NAV - 33.0455
No. of Units allotted - 151.294
and this is the current status of stock market portfolio
Total money invested - 9,99,258.70
Market Value of Investment - 15,15,786.5
Change – 5,16,527.80 (51.69%)
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