‘Stock Market Not Crashed But…’ Edelweiss MF’s Radhika Gupta’s 3 Advice For New Investors

After a big stock market crash on Monday, Edelweiss Mutual Funds Radhika Gupta has answered 3 questions of common investors to look ahead on the market.

Written by: Anirudha Yerunkar Edited by: Anirudha Yerunkar

Updated: August 7, 2024, 12:03 PM IST

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A huge fall in the stock market on Monday over the Japan Nikkei crash & U S recession speculations, had created a panic among small & new investors. There was a massive selling in the market which continued even on Tuesday & the market ended in red on 6th August.

Radhika Gupta of Edelweiss Mutual fund has released one video saying that corrections are normal and that she has witnessed ‘crisis after crisis’ in her 20 years of investing. She urged investors not to panic by the current stock market corrections.

“I always say it’s called correction not crash because correction corrects our behaviour and it corrects our expectations. Corrections are a part of the journey of investing. So hold tight and stay invested,” she said.

Don’t dread the red in markets. Some thoughts for new investors… pic.twitter.com/NvxPjHtMGz

— Radhika Gupta (@iRadhikaGupta) August 6, 2024

3 Advice By Radhika Gupta For Investors

Should Investors Panic Over Current Market Move?

Edelweiss MF head said, ‘’No. Don’t Panic. Corrections are normal & world doesn’t end.’’

Should Investors Exit From Mid and Small Caps? 

Radhika Gupta said, “No, even if you make asset allocation mistakes and not all mid and small caps are mistakes, this is not the time to fix them. Let things calm down and you will have time to review your mistakes but a storm is not the time to review your mistakes.”

Should Investors Buy More Equities?

Radhika Gupta suggested not buying more equities in a state of panic, she said “I always say that don’t take too much action when you are in a panic. If you’re comfortable you can always buy more equities but don’t feel the need to take a lot of action in any difficult situation.’’

Stock Market Today

Equity benchmark indices Sensex and Nifty bounced back sharply in early trade on Wednesday after three days of massive decline in-tandem with a rally in global peers.

The 30-share BSE Sensex jumped 1,046.13 points to 79,639.20 in early trade. The NSE Nifty surged 313.9 points to 24,306.45.

Among the 30 Sensex firms, Maruti, Infosys, UltraTech Cement, Adani Ports, JSW Steel and HCL Technologies were the biggest gainers.

Asian Paints, Kotak Mahindra Bank, Bharti Airtel and Titan were the laggards.

(With Inputs From PTI)