| Big investors advise retail investors to either hold on to their current portfolios or "derisk" themselves by booking partial profits. |
| The bottom line is that investors should not panic. |
| Almost all the respondents said they were using the opportunity of a slack market to reshuffle their portfolios. |
| A few brokers, however, said they had booked profits and were sitting on cash waiting for the market to make a major correction downwards before buying again. |
| A few of them have booked profits on parts of their portfolios. A select few have decided to hold on and avail of capital gains tax exemption for the year. |
| In fact, most of the big operators have booked partial profits, exiting from around 30-40 per cent of their holdings at the 6,000-levels. |
| Ajay Parmar of Joindre Capital says: "The big investors and high net-worth individuals have booked profits at the 6,000 levels with some big operators even exiting completely from a few counters. But they are now entering at lower levels. A lot of reshuffling is happening among the existing portfolios of the big investors." |
| Most equity fund managers advise that retail investors should hold on to their current investments. At the most they can book partial profits in order to minimise the risk of the market suddenly diving. |
| Ambareesh Baliga of Karvy Stock Broking says: "We are advising our retail clients to book profits at every rise because we feel there will be enough opportunity in the next three months for them to enter at lower levels. Get into mid-cap stocks at lower levels and exit at every rise." |
| The medium term view-"" at least till the general elections "" is that the markets will be volatile. |
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