Good time to buy for long term !

Non-stop selling by the foreign institutional investors added to the woes of Dalal Street. In the last 15 sessions, FPIs have withdrawn a net Rs 21,937 crore from Indian equities, NSE data compiled by Accord Fintech showed. February 24 onwards, FIIs have been net sellers of equities in India every day.

Experts blamed it on ETF redemption by foreign investors amid a risk-off sentiment pervading financial markets globally, which has led to bulk withdrawals. 

Major equity markets across the globe traded in the red, discouraging the traders on the Dalal Street. Japan's Nikkei fell 5.2 percent and Australia's commodity-heavy market tanked 6.4 percent.

Good time to buy for the long term !

A major crash in the broader market offers a once-in-a-decade opportunity to accumulate great stocks at historically low valuations. It allows investors to create market-beating returns on their portfolio once normalcy returns and economic growth and corporate earnings are back on a long-term growth trajectory.

This is what happened in previous market crashes of 2008 and 2012. Investors who picked-up companies with strong business franchises in 2008 or 2012 have seen their equity portfolio grow many times over despite the post-recovery market volatility.

Investors can remember that the BSE Sensex jumped two and half times over the next 18-months from the bottom in February 2009. This translated into annualised returns of nearly 74 percent.