Equities are the best asset class right now, but tread with caution. This was the message emanating from the Business Standard Smart Business panel discussion on ‘Smart Learning, Smart Earning’, organized in association with Rudra Shares & Stock Broker Ltd in Asansol.
"As of today, no asset class will give you better returns than equities. But don't put all your eggs in one basket and have patience," said Vinod Khanna, Vice President, Rudra Shares & Stock Broker Ltd.
While wealth managers and stock brokers are key intermediaries in whom investors have to put their faith, there is no alternative to self-study. "Study the results of the company, the industry that it is in," Khanna said.
He cautioned that investors should trade through only SEBI-registered schemes. The caution assumed significance in the wake of the proliferation of Ponzi schemes.
"In the last 4-5 years, Ponzi schemes have come to Bengal. Educated and uneducated people have invested in these schemes because the returns promised were much more than banks. One should always go for safe investments even if the returns are less. Don't go for unprotected investments. There is no scheme that will double or triple overnight," Khanna explained.
Arghya Majumder of CDSL and Pratyush Sengupta of BSE were also present at the event.