Only six companies from the 1990 Sensex are still in the index today, says ICICI Prudential expert

Only six companies from the 1990 Sensex benchmark remain part of the index today, according to S Naren of ICICI Prudential Mutual Fund. Speaking at the ET Wealth Expo, he pointed out that many beaten-down stocks may never recover their past value. He advised investors to keep asset allocation completely separate from individual stock selection. He also warned people against chasing strong returns from the past when making new investments.

Context

Smart investing requires looking at how different asset classes perform over long periods rather than picking single stocks based on old trends. Financial experts frequently study historical market benchmarks to show how rapidly top companies can change over decades.