GoalTeller

Ownership of Indian stocks sector wise:

FII's own maximum in financials
Individual investors own max in Industrials and Materials
Domestic Mutual Funds own max in Pharma, financials and consumer discretionary stocks

Markets continued to scale new highs as mid and small caps soared
AI continues to drive big tech stocks with Nasdaq touching all-time highs and Adobe giving strong guidance on demand for its AI powered software
We continue to believe like mentioned in our election day note that structural tailwinds will continue to drive the markets higher, however volatility would be higher than we have seen in the past
The month of May saw 25,900cr. of inflows in sectoral/ thematic funds i.e. > 35% of all inflows in May were in thematic and sectoral funds (This is a very worrying trend and investors should avoid such themes and if at all, limit such exposure to not more than 20% of the equity portfolio)
We don’t advise investing in NFO’s in the sectoral space

Why not revising your financial plan when undergoing a new life event is a big financial planning blunder, especially resetting your annual expenses, adding new financial goals and revisiting your insurance ( health and term)

Our Answer:

When 35-year-old Nirav Shah was blessed with a baby boy, Shivam, in May 2024, he immediately decided to put a financial plan in place to create a corpus for his higher education.

“Becoming a father is a significant milestone that comes along with financial responsibilities. I am aware that in absolute terms, the corpus for my son’s education goal could be a couple of crores to begin with considering inflation and various other factors,” says Shah.

However, many do not follow this financial discipline. “A lot of individuals after attaining fatherhood don't look at reworking their financial plans, which is one of the worst financial mistakes,” says Vivek Banka, co-founder, Goalteller, a financial planning platform….Read full article here.

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