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Ambareesh Baliga  | Answer  |Ask -

Stock Market Expert - Answered on Feb 05, 2023

Ambareesh Baliga has 35 years of experience in different facets of the Indian equity market. In his long career, he has headed businesses in wealth management, fund management, corporate advisory, investment banking, retail finance and stock broking. Currently an independent strategy advisor to ultra high networth individuals and family offices, he regularly features as an expert on CNBC, CNBC Awaaz, NDTV and Zee Business. In the past, Baliga has worked with organisations such as Price Waterhouse, Kotak, Karvy, Way2Wealth and Edelweiss.... more
Amit Question by Amit on Feb 02, 2023Hindi
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My daughter is 14 years old and I want to invest in stock market for Her marriage approximately for the period of 8 years . Please suggest some good stock to invest 2 lacs one time.

Ans: Would suggest you to invest in a Mutual Fund instead of directly investing in a stock. Since Rs. 2 lacs is low for taking direct equity exposure - even if you invest Rs. 50000/- in each stock - your portfolio will have 4 stocks which is high concentration. Additionally would you be able to monitor? Because it's quite difficult to recommend stocks which you can buy & forget for next 5-8 years - everything today is so dynamic - something which is good today may not remain the same in the next 2-3 years. (Disclaimer : The views given are personal. Please consult your CA or Investment Advisor/Tax Consultant before acting on my views)
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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