At Truemind Capital, our broad understanding has been: Equity markets will underperform owing to pricey valuations Short-duration debt funds will perform better Gold could be a good portfolio hedge Positioning our client portfolios based on these expectations allowed us to yield positive returns, which neither benchmark indices nor longer-term debt funds could. Equity Market Insights: Equity markets have remained volatile over the past year, marked by corrections and short-lived recoveries. After a sharp five-month correction…

Equity Market Insights: Equity markets remain in a positive bias unless some disaster occurs that could break the upside momentum. Policymakers are quick to course correct when markets throw tantrums. As we recall, the BSE Sensex corrected by 8.3% between October 2024 and March 2025. We saw some important factors coming together to weigh on the market sentiment during this time. Ahead of elections, the government reduced spending, and the RBI tightened liquidity by Rs…

Equity Market Insights: And It All Falls Down… Over the past few quarters, we’ve consistently shared our view that a valuation reset was overdue in India, particularly in the mid and small-cap segments. This quarter, that reset finally arrived with the sugar rush coming to an end. During the quarter, Indian equity benchmarks posted their fifth consecutive monthly decline, marking the longest losing streak in nearly three decades. For the three months ending March 2025,…

Equity Market Insights: The equity markets had another positive year in 2024 with Sensex recording an 8.84% increase, marking the ninth consecutive year of growth in India. However, the recent quarter ending 31st Dec 2024 saw heightened volatility owing to several global and Indian factors causing Sensex to fall by 7.27% and triggering a broad sell-off across sectors. Except for the BSE IT index, all other major sectoral indices were in red. As we look…

Think of navigating a river—sometimes the water is calm and steady, other times it’s turbulent, but at the end, there’s a rewarding view. That’s exactly what we’ve seen in India’s financial markets in the quarter ending September 2024. It’s been a mix of strength and growth, even as global uncertainty ripples through. Here is what’s happening currently- Stock markets are rising Bond Prices are increasing / Bond Yields are falling Gold is trending upwards Real…

Equity Market Insights: The equity markets kind of ensure that there is never a dull quarter! From April to June 2024, the Indian equity market was highly volatile, mainly due to the Lok Sabha election results and ensuing political developments. On June 4, the election results showed that the ruling BJP did not achieve a majority on its own, although it remained the largest party in a coalition government. This unexpected result led to a…

Equity Market Insights: A few themes are dominating the equity markets worldwide and in India. Many investors decide their investments based on themes which have already gained a lot of popularity. Here are some of the popular themes and the risks associated with them: Falling Interest Rates: There has been earnest demand by market participants to cut interest rates in the US and other developed economies on the back of falling inflation rates. Central Governments…

Equity Market Insights: “Investing is 5% intellect and 95% temperament. It means finding the strategy that will allow you to sit quietly when your emotions are screaming at you to do the wrong thing.” – Ian Cassel Unfortunately, having the right temperament for investment is not common. Stories of someone in your circle making a lot more money than you have a great potential to disturb the peace of mind and create an urge to…