Buy Nifty BeES: Ashwani Gujral

Ashwani Gujral, ashwanigujral.com in an interview with ET Now talks about the best mid-cap ETFs to buy at the moment.

In this mid-cap ETFs, what would you recommend buying?

The Nifty junior BeES is the ETF run by the benchmark ETF company and this is a great time for both the senior BeES, which is a Nifty BeES as well as the junior mid-cap BeES. The benefit of buying an index is that even if there is a problem in one of the companies, the index overall does not get impacted and the mid-cap ETF is not those Rs 50 stock, those are stocks, which are non-index things like Kotak Mahindra.

Kotak has now been included in the indices but these are large caps, non-index stocks. So it makes you a safe buyer because right now you cannot get into retail cannot for the fear of thinking that probably it buys a stock and goes down another 30%, so try to buy this index ETFs and if the market goes back to 6300, which it will go back may be in six months, five months, this opportunity would probably give them a lot of returns.