At Truemind Capital, our broad understanding has been: The current environment calls for diversification across asset classes and geographies, as global uncertainties continue to shape market outcomes. Investments should be guided by valuations and margin of safety, ensuring downside risks remain contained rather than chasing expensive opportunities. Asset allocation needs to be dynamic, with active rebalancing across asset classes as valuations and opportunities evolve. Maintaining liquidity within portfolios remains critical, enabling timely shifts and effective…

At Truemind Capital, our broad understanding has been: Equity markets are expected to deliver muted returns owing to pricey valuations Short duration debt funds will perform better on a risk-adjusted basis in the debt category 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: Indian equity markets remained directionless during the…

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…