A 6.1% fall in the Nifty 50 in a single month is the sort of number that sharpens every family-office conversation. IT stocks fell 11%. Foreign investors sold $4.1 billion of Indian equities. Within days the RBI had raised rates, Brent had crossed $100 again, and the rupee was hovering near 96 to the dollar.  […]

The RBI’s 25 bps hike to 5.50% and its move from “neutral” to “calibrated tightening” came as a supply shock from West Asia pushed major central banks in the same direction. Within about a week in September, the ECB, the Fed and the Bank of Japan all raised rates while the Bank of England held […]

Markets are not driven by growth alone. They are not driven by inflation alone. It is the interaction between the two that shapes the investment environment. A useful way to think about global markets is through 2 simple questions: Is economic growth rising or falling? Is inflation rising or falling? Put these two forces together, […]

Our lives are increasingly global. The technology we use, the places we travel, the education we aspire to and many of our future expenses extend beyond borders. So why should our investments remain limited to one? India is home to one of the world’s most compelling growth stories. But from an equity-market perspective, it represents […]

Every client family I sit across from this year is asking a version of the same question, in different words: where is the ground? For over a decade, our conversations with you have started from valuation, from cycles, from the reasonable expectation that patience gets rewarded. This year, I want to start somewhere more honest […]

Singapore has long been one of the most preferred destinations for Indian entrepreneurs, family offices, and investors seeking to build global businesses and international investment platforms. Its stable regulatory framework, strong banking ecosystem, extensive tax treaty network, and ease of doing business continue to make it an attractive jurisdiction.  However, the global tax landscape has […]

We are living through a period of extraordinary economic stress, one that demands investors rethink the composition of their portfolios. Governments across the world are deeply indebted, economies are re-industrialising at pace, and a fierce contest for control of energy, critical minerals and rare earths is reshaping geopolitics. The consequences are becoming clear in asset […]

In our work with UHNI clients, we often come across portfolios managed by multiple advisors.  On the surface, this can feel like a prudent strategy, offering diversification, broader perspectives, and a sense of risk mitigation. But in reality, fragmented financial advice often creates complexities that quietly erode the very benefits it promises.   Over time, the […]

The ongoing geopolitical conflict in the Middle East has introduced a new layer of macro uncertainty, primarily through its impact on energy markets and global liquidity conditions.  The region accounts for a significant share of global oil supply, and any disruption, especially around key routes like the Strait of Hormuz, has immediate implications for oil […]

Financial markets regularly face crises – financial scandals, wars, inflation shocks, banking failures, pandemic, geopolitical stress, etc. Each time markets fall sharply, investors ask the same question: “Is this the time to exit?” History suggests the opposite. Across decades of market data, crises have typically created temporary volatility but long-term opportunity. Markets Have Compounded Despite […]