February 2026 unfolded against a backdrop of heightened global macroeconomic uncertainty. Escalating geopolitical tensions disrupted global risk pricing, energy shocks triggered a repricing of inflation expectations and safe-haven flows strengthened the US dollar. Simultaneously, developed market rate expectations were recalibrated upward. Although peak US tariff rates observed in July 2025 (ranging between 35% and 64%) have moderated, most effective tariff bands continue to remain elevated at 15%–18%, sustaining pressure on global trade flows. Indian equities have struggled since September 2024. In 2025, India ranked as the fifth worst-performing market among 24 emerging market (EM) economies, reflecting valuation compression, earnings downgrades…

Macro Stability, Flow-Driven Volatility & Valuation-Led Rotation The Growth vs Inflation chart highlights a critical regime for January 2026India remains in a positive growth–disinflation corridor. Key Analytical Observations This regime historically supports a higher earnings certainty, a lower tail-risk pricing and a strong preference for quality growth and financials. However, it also reduces the probability of aggressive policy stimulus, limiting upside expansion. January 2026 has remained a consolidation phase with markets witnessing their highest ever average daily turnover over a 15-month period. This has been largely driven by retail investor activity and a FPI return spurred by the India-US trade…

Investing is not just about timing the market—it’s about time in the market, asset allocation, and fund selection. A simple comparison of ₹100 invested across different market capitalizations since 2014 clearly highlights this truth. Let’s look at how ₹100 invested at the beginning of 2014 performed across market caps by the end of 2025. 💰 Value of ₹100 Invested (2014–2025) Despite phases of extreme volatility, corrections, and even negative yearly returns, Small Cap funds delivered the highest long-term wealth creation. *Source for Return of Market Caps – Value Research Asset allocation matters more than Market Timing: Investors who remained invested…

Markets have been driven by growth and buoyancy. Domestic demand and consumption remain robust; consumption’s share of GDP at ~61.4% shows a structural tilt toward household-driven growth. Investment activity, though not the main driver, remains stable — supporting a balanced growth base beyond consumption. Policy environment (favourable tax/GST reforms, infrastructure push) seems supportive of demand and long-term growth.  Overall growth continues to remain consistent despite challenges. The chart below highlights the growth of consumption, capital investments and government expenditure in India over the years. The growth rate of private final consumption expenditure (PFCE) in FY25 was 7.2%, compared with 5.6%…

Gold has traditionally been deeply financialized. However, Silver is a metal that has been recognized for its rarity and usage. While being more affordable, Silver also stands out as a tactical investment both in physical and digital forms. With the launch of Silver ETF’s in 2022 access to the precious metal widened considerably. The Rise of Silver ETF’s: ETF’s emerged as one of the most prominent investment vehicles, with physical silver backing these digital papers. A fairly low expense ratio on the produce further accentuates it’s standing as a favored product from an investment and diversification perspective. In roughly 3…

Currency Depreciation, tariffs and its impact on exports, and an economy that is significantly impacted; these have been a few of the bustling discussions that we have been hearing all across the news and media. But the waters are slightly murkier than they seem. India was one of the first countries to confirm that it would negotiate a trade deal with the US at the start of the year. With talks accelerating in April, Trump whacked the so-called reciprocal tariffs, which were paused till July.  However, much of the early optimism faded as we neared July, and entered into a…