S Naren says this is ‘once-in-a-decade’ opportunity for D-Street investors

The recent record sell-off is a “once-in-a-decade opportunity” for long-term investors to buy India stocks cheaply, according to ICICI PrudentialNSE -3.68 % Asset Management Co., the nation’s second-biggest money manager. “Predicting the market top or bottom is a futile exercise,” said Sankaran Naren, Mumbai-based chief investment officer at the firm, which manages Rs 3.6 lakh crore ($48 billion) in assets. “Historically, such times have proven to be attractive for long-term equity investing opportunities.”

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