In an interview to Economic Times, Naren recalled saying that it is worrying that people are only thinking of equities as an asset class. No, is the market extremely cheap now that you should not worry about where the bottom is? "Wait out the fall, do not sell, do not panic, stay invested in quality stocks , Sinha said. "Are we structurally getting into a bear market is the question? He said that he wouldn't attribute this correction to the LTCG tax in budget as it was probably overdue.
Source: Economic Times February 06, 2018 08:26 UTC