ET Wealth Expo | Only 6 of 1990's Sensex stocks survive: S Naren's case for smarter asset allocation

What happened: S Naren of ICICI Prudential Mutual Fund said only six companies from the 1990 Sensex remain in the benchmark today, speaking at ET Wealth Expo. Key numbers: 6 of the 1990 Sensex stocks still in the index. Why it matters: Naren said beaten-down stocks may never recover and urged investors to separate asset allocation from stock selection, while cautioning against chasing strong past returns.

S Naren of ICICI Prudential Mutual Fund said only six companies from the 1990 Sensex remain in the benchmark today, speaking at ET Wealth Expo.

Naren said beaten-down stocks may never recover and urged investors to separate asset allocation from stock selection, while cautioning against chasing strong past returns.