Mudit,
Every individual has their own style of investing. One should not blindly follow these fund/portfolio managers and their advise.
Fund managers regularly (relative to retailers like you and me) churn their holdings based on their philosophy/logic/rule/principle. My principle is keep adding on every dip as long as I don’t lose conviction on a particular stock. I will try to hold as long as possible.
Earlier I used to buy and sell frequently based on the market commentators/traders w/o much knowledge. Now I have few companies which were there in my portfolio > 2 years, which I am planning to hold as maximum as possible.
My two cents.
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