Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

'Markets Will Moderate, Not Collapse Into A Bear Zone Anytime Soon'

Outlook Money

|

October 2024

With Indian markets at an all-time high after dithering slightly post the general elections earlier this year, it is interesting to find out how long will the bulls keep running. Shankar Sharma, founder of GQuant and First Global, shares with Nidhi Sinha, editor, Outlook Money, as part of the Wealth Wizards series, why being called the 'Big Bear' of the Dalal Street is a cliché, that we are not going into a bear market anytime soon and what his investment mantra is

- Nidhi Sinha

'Markets Will Moderate, Not Collapse Into A Bear Zone Anytime Soon'

You are often called the Big Bear of Dalal Street. Do you identify with that?

India is a strange market. If one has been negative for a period of time, even if it is very short, one somehow gets branded as the Big Bear; and if somebody's been bullish, you are called the Big Bull.

These are very superficial terms.

In India, in particular, nobody has ever been vocally bearish at any point in time. Somehow the popular culture is that we are always supposed to say good things about markets, and never say anything remotely negative. If you say that, you are a bear.

My style of investing is that I keep a very open mind. I've been investing globally for the last 25 years and the culture I am used to is (the one prevalent) in the US. For example, (in the US) major hedge fund managers, mutual fund managers and commentators can be openly negative about markets at different points in time, and they have been. They bet based on that view; they will go short on the market or treasury or a bunch of stocks.

That's a very developed way of thinking that markets go up, and they can come down as well. It's not that markets are permanently trending upward; they do over a 3040-year period, particularly in India or the US, but in the interim, there can be very brutal periods when you can lose literally 20-50 per cent of your capital. The interesting thing is that we have again forgotten in the last four years that from 2014 till 2020 up until Covid, the market returns from India were less than bank fixed deposit returns.

For small-caps, the less said the better. From 2018 to 2020, it was a brutal small-cap bear market, in which stocks basically got decimated by 50-90 per cent. We are just living in the good times, and we kind of believe that anything which is remotely bearish is not possible.

FLERE HISTORIER FRA Outlook Money

Outlook Money

Outlook Money

Gold vs Real Estate: What You Should Know

Both gold and real estate have long been preferred investment choices for Indians. They hold sentimental value, too. We compare the two and assess if one or both assets can complete your portfolio

time to read

7 mins

October 2025

Outlook Money

Outlook Money

Strategic Vs Tactical Allocation

Fixed-income investments can be bucketed based on your time horizon. However, you can also tweak the allocation, tactically, in accordance with the market conditions

time to read

4 mins

October 2025

Outlook Money

Outlook Money

Discipline Is Key, Shows This Retiree's Life

Pramod Agrawal, 64, a former banker, is an inspiration for active retirees who do not know what to do with their idle time post retirement. Pramod, who lives with his spouse in Ghaziabad, had the option of staying at home, like most retirees, but chose to use his expertise in new ways. Now, he is a visiting faculty at several institutes.

time to read

4 mins

October 2025

Outlook Money

Outlook Money

Will The E20 Fuel Rollout Make The GST Benefit Ride Bumpy?

The GST rate cut will benefit most car and two-wheeler buyers, but the E20 fuel rule may upset your budget. Calculate well and plan ahead for a smooth ride

time to read

6 mins

October 2025

Outlook Money

Outlook Money

Input Tax Credit In Insurance

Health insurance premiums in India have become more affordable after the government removed the 18 per cent goods and services tax (GST) on them.

time to read

2 mins

October 2025

Outlook Money

Regulatory Roundup

A few regulatory changes in September 2025, and how they will impact you

time to read

4 mins

October 2025

Outlook Money

Frugality: A Smart Money Move

We often equate frugality with penny-pinching behaviour. But it isn't. It is about being smart with money, and spending it on things that give value and satisfaction

time to read

5 mins

October 2025

Outlook Money

Here's How To Make Health Insurance Claims

For many people, health insurance is the safety net that prevents a medical emergency from turning into a financial burden. Yet, policyholders often find themselves confused while filing claims.

time to read

1 mins

October 2025

Outlook Money

Outlook Money

Why Seniors Need To Know Their Legal Rights

Many senior citizens often end up in destitution after being abandoned by their kith and kin, typically after transferring their property. Can taking recourse to laws meant for seniors lend a helping hand?

time to read

5 mins

October 2025

Outlook Money

Advantage Of Low Cost, High Returns

If you want to stay away from the constant game of chasing outperformance or worrying about underperformance, exchange-traded funds (ETFs) can be a smart option. They provide broad market exposure, are cost-efficient, and eliminate the need to time the market. An index ETF allows you to invest in sectors and stocks of the underlying benchmark in the same proportion as the benchmark. If you want to invest in Nifty 50 companies, Nippon India Nifty 50 BeES could be a decent choice.

time to read

1 mins

October 2025

Listen

Translate

Share

-
+

Change font size