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“You can’t predict. You can prepare.” — Howard Marks We have seen through tough times in the last month, and we have been watching some data points that makes us bullish on equities at this point in time. Since the time we have market data (1990), we see that there is some or the other bad news every year and very bad news once every 3 years. What is interesting to note is where we are sitting on the Nifty 50 Price-to-Book ratio today, which has gone below 3 for the first tim

“The most important thing is to understand where we are in the cycle.” — Howard Marks For the last couple of years, Indian equity investors have had to be unusually patient. The Nifty 50 made its previous high in September 2024. Since then, we have had geopolitical uncertainty, concerns around global growth, foreign investor selling and, more recently, the West Asia conflict and its impact on crude oil. The market has recovered from some of these shocks, only to run into anot

"The intelligent investor is a realist who sells to optimists and buys from pessimists." - Benjamin Graham Last month, we wrote about why the point of maximum uncertainty is often the point of maximum return. At that time, headlines were dominated by the escalating conflict in West Asia, rising crude oil prices, and fears of another prolonged correction in equity markets. Many investors questioned whether equities were still worth the patience. Fast forward just o

"You cannot sow something today and reap tomorrow! A seed has to go through the various seasons before it turns into a fully grown tree. So is the case with Investing." - Parag Parikh If you have felt frustrated with equity investing over the last 18 months, you are not alone. NIFTY fell this month by 2% in May 2026. YTD, NIFTY has fallen by ~10%. Performance down the capitalisation curve is looking slightly better. Small cap has risen by 4%, mid cap by 1%, and large cap by 6

“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.” — Sir John Templeton Why recent events may have created a better entry point for long-term investors Just when markets had started stabilising after the West Asia conflict, investors were greeted with another phase of correction over the last few sessions. This time, the concerns were different. Markets reacted negatively to: The Prime Minister’s recent austerity-oriented messag

The year that will be - "Kaash 2026 mein invest kiya hota" Why improving certainty, reasonable valuations, and still-lower levels may offer a good entry point for long-term investors Over the past month, markets have quietly staged a recovery. This has come at a time when global tensions, particularly in West Asia,are beginning to show early signs of de-escalation , with progress in ceasefire discussions improving overall sentiment. While uncertainty hasn’t disappeared, it ha

2026 - That year - "Kaash 2026 mein invest kiya hota" History shows that after markets stagnate during periods of crisis, the following 1–3 years have often delivered strong returns for patient investors. The recent escalation in West Asia has once again brought geopolitical uncertainty into financial markets. Whenever tensions rise globally, markets tend to respond with volatility, fear, and hesitation from investors . And naturally, the same question begins to appear: “Sho

“The four most dangerous words in investing are: ‘this time it’s different.’” – Sir John Templeton Dear Investor, Over the last five years, we have been providing you with monthly updates on market trends and guidance on how to approach them. I believe it’s time to change the direction of our blog to a more long-term view, and we will also try to educate you on behavioural finance & other such topics, which will help you to generate long-term wealth. That is the primary objec

"Risk comes from not knowing what you are doing." - Warren Buffet Dear Investor, Indian equities ended positive in June’25 as Nifty was up 3.1% mom; just below its all-time high of Rs 26,216 made in September’24. FII inflows continued for the fourth successive month; DII flows were also the highest in the last 5 months (Rs 727bn). Within Nifty, almost all sectors delivered positive returns; Communication Services, Materials and Energy rose the most. Both Small Cap and Mid C