Moneycontrol Bureau
The ongoing panic in the stock market offers a good opportunity to build a long term portfolio, feels Abhijit Gulanikar, chief investment officer at SBI Life Insurance. Of the Rs 40,000 crore managed by Gulanikar, Rs 24,000 crore (around 60%) is in equities.
He feels it makes more sense to bet on large caps at this point, because they are attractively valued as well as more liquid in case an investor wants to exit.
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