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Past positions: Worked for an intermediary in the fixed income market.
Investment mantra: A disciplined approach to investment and to trust my instinct more than the figures and numbers.
View on interest rate movements: We are in a transition phase and the short-term outlook seems to be guided more by inflationary concerns. Medium- and long-term yields are likely to be under some pressure.
Whether interest rates will fall over the next 3-6 months: Recent data suggests that the rates may actually move the other way over the next 3-6 months.
Advice to small investors: Always do your homework before investing and don’t hesitate to cut your losses if you feel that the decision seems to be going wrong.
Worst mistake small investors make: They compare apples with oranges. Investors should realise that risk profile differs for products and the one with the higher return always comes with a higher degree of risk.
Click here to see infographic: Principal Income Fund
Ritesh Jain is Head-Fixed Income, Principal Asset Management Company
