In the month of August i sent a mail subjected THIS TOO SHALL PASS, I concluded by saying need action from govt on various issues. Since last month or so Finance Minister announced various measures.

However the good structural move is yesterday’s move to implement the long pending demand to cut corporate tax.

Keeping aside the stock market’s reaction (which is irrational in short term on either side) it is a positive move for the country to become competitive for investment with other Asian peers. Need to see how existing companies use this tax cut. Need other necessary measures to attract new investments to country.

Current downturn in market is getting used to increase equity allocation through staggered purchases through lumpsum and STP’s apart from regular SIP’s based on your individual profiles and factoring your other investments.

And adding debt funds as lump sum as they are placed better in the current environment.

Do not carried away by ups and downs of the markets, mark to market returns of the investment. Focus on asset allocation and stay invested with patience.