In an interview with ETMarkets, Mehra, said: “It bears repetition that 85 to 90% of your returns are determined by your asset allocation including asset classes, geographies sectors, etc. Therefore, rather than looking for the illusive multibagger, first ensure that your asset allocation is right” Edited excerpts:What will lead to investment in Nirvana in FY24? The message to investors– the important thing is to know your asset allocation clearly and in an objective and focused manner to decide on a target asset allocation. It bears repetition that 85 to 90% of your returns are determined by your asset allocation including asset classes, geographies, sectors, etc. Therefore, rather than looking for the illusive multibagger, first, ensure that your asset allocation is right.

Source: Economic Times May 16, 2023 03:38 UTC