Get Asset Allocation Right To Achieve Goals

TThe latest edition of the investor awareness and education webinar, spearheaded by Mirae Asset Mutual Fund and powered by Outlook Money, was on the importance of asset allocation for retail investors’ portfolios. In conversation with Nidhi Sinha, editor, Outlook Money, was Mayukh Datta, head product, strategy and communication, Mirae Asset Investment Managers Pvt Ltd. Here are the edited highlights of the discussion: What Is Asset Allocation? Asset allocation is where you have different investments into different investment vehicles with the purpose that the whole basket helps you achieve different goals. Put simply, no education is complete with only one subject. If that happens, no goal can be achieved. Similarly, an investment portfolio needs to have different parts that are meant for different objectives. For example, for goals that are due in the next five to six months, the...