Hot Money Tips: Motilal Oswal Chairmans advise on how an investor can become rich

Hot Money Tips: When it comes to investments in equity-linked savings schemes, equity mutual funds or in the direct equity markets, there is some investment pattern that an investor needs to follow. According to Motilal Oswal, investors should look at their  portfolio rather than at the markets. Raamdeo Agrawal is of the opinion that investors should have a clear investment goal in mind and also the level of returns. If his or her portfolio is giving that much of returns, then one should stick to investment goals.

Speaking on the investment and hot money tips that can make an investor rich at faster rate, Raamdeo Agrawal, Chairman, Motilal Oswal Securities Limited (MOSL) said, "First and foremost thing that I would advise an investor is to look at their portfolio rather looking at the market performance." He said that one should have a clear investment goal in one's mind and once it is clear for an investor, then what he needs to know is the level of appreciation of their money. MOSL Chairman said that neither does looking regularly at the market performance works nor the regular look at the portfolio. He advised investors to have a look at their portfolio after a period of a month or maybe on a quarterly basis.

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On when one should exit from one's investment, Agrawal said, "One should look at the performance of other investments in one's portfolio and if one's investment tool is underperforming then it's the time to exit from the investment as there is no point in remaining invested with the plan which is a laggard among its competitors." 

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Ramdeo said that one should come out of one's investment when an investment tool is giving robust returns because booking profit is also an important decision that investors should know. He said that profit-booking at the right time is very crucial as it helps an investor to maximise their gains. So, it's important for an investor to know the art of profit-booking and become a smart investor.