Devina Mehra, Founder & CMD of First Global has emphasized the importance of maintaining a large and steady portfolio rather than investing in small and micro caps. In an interaction with ETNow, she noted that market corrections are normal, with smallcaps being highly volatile.
She stated how her advice has remained unchanged despite market corrections and that, according to her, smallcap movements are always dramatic, and when they fall, they fall like a stone. She advised investors not to expect past market leaders to perform well in the next bull run. Instead, she recommended taking losses where necessary and reinvesting in stronger stocks, stating that the market has no interest in an investor’s purchase price.
