New Delhi, March 27 -- Investors often feel that they have cracked the code to stock market investing. And one such strategy that many investors repeatedly vouch for is "Buy blue-chip stocks and forget about them." But ace investor and founder of First Global Devina Mehra feels it's a failed mantra and just a myth.

Mehra in a post on X on Wednesday said, "There is no such strategy as, "Buy blue chips and forget" because the definition of what's a blue chip changes all the time."

Supporting her argument, Devina Mehra shared a comparison of Nifty 50 companies from 1996 vs 2024, highlighting that only 11 companies that were part of the flagship index in 1996 still remained. Some of the companies like Ponds or Brooke Bond, which were part o...