Basant Maheshwari, Author - The Thoughtful Investor told CNBC-TV18, "A blind buy in this situation would be non-banking finance companies – NBFCs specifically relating to the housing finance sector. You can buy them, buy them 5 percent lower, 5 percent up from here, keep them for 5-10 years. The two which I own, are from western India and southern India. I wouldn’t like to take names. So those kinds of companies you can just buy them and keep them."
He further added, "Investors have to reconcile to the fact that midcaps and smallcaps specially, can fall 20 percent without reason and by the time they fall 30 percent you have a reason but then you say it is already discounted in the price. So, those are the perils of investing in midcaps and smallcaps but that is what makes you money, that is what can really create wealth for us."
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