Edelweiss Mutual Funds CEO Radhika Gupta has urged investors to remain calm amidst the recent market downturn, emphasizing that the current situation is a correction, not a crash.As per The Hindustan Times, In an Instagram post, Gupta advised investors not to panic and avoid making hasty decisions, saying, “Corrections are a part of the journey of investing. So hold tight and stay invested.”
Addressing concerns about the impact of a potential US recession on market indices, Gupta reassured investors, “I always say it’s called correction, not crash because correction corrects our behaviour and it corrects our expectations.” She emphasized the importance of maintaining a long-term perspective and not exiting mid and small-cap investments prematurely. “Even if you make asset allocation mistakes, this is not the time to fix them. Let things calm down, and you will have time to review your mistakes,” she added.
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