Invest in equities over next 365 days to get 5-10 times return: Sanjay Dutt

In a chat with ET Now, Sanjay Dutt, Director, Quantum Securities, shares his views on how good the market performed in the first year of Modi government and what lies ahead.

ET Now: It is 365 days to the Modi government. What would be you advise to the investors?

Sanjay Dutt: The government has done pretty good word in the 365 days. We need to learn to have patience.
Governments do not get elected for 365 days.
Governments are elected for five years and beyond. In the 365 days ahead, the market is going to be a bit choppy. That said, it is going to be positive. I am reasonably confident that with the RBI slashing policy rate by two or three in the next 365 days, and consumption demand picking up, reforms would set in because the government is settling down now.
Things would start to look up.
But, in the immediate future, there may be tough times ahead. I do believe that the market may come off a bit and valuations could become a little more attractive.

Therefore start building a portfolio. The next 365 days is the best time to build 5-10 year portfolio, which can easily be 5-10 times if you have patience and you have the right stocks.