Saurabh Pareek

India has the potential to become the preferred regional hub for multilateral listings on the back of growing domestic institutional investor base. My views in a report by Himadri Buch in the The Economic Times today #India #IPO #MultinationalListings Equirus #CapitalMarkets

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Must watch for all investors who wish to participate in the infrastructure story, whether through funds or through InvITs. Investors must develop appreciation around nuances of management of such assets and importance of a experienced operating team, in order to discern between good and not-so-good investment opportunities

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Silver has surged. And the reactions it has triggered are worth paying attention to. Even seasoned fund managers and PMS professionals have openly acknowledged they did not anticipate this move. Silver had remained underpriced for years — and the market has now repriced it sharply in a very short span of time. When asked whether this could be the beginning of a long-term upcycle, one veteran fund manager said something that stayed with me: *"No one knows."* That answer, coming from decades of experience, is not a cop-out. It is the most honest thing anyone can say about markets. --- Last week, one of my clients came to me. He had never invested before. No mutual funds. No equity. No prior exposure to markets whatsoever. His first instinct upon entering the world of investing was not to build a foundation — not to start a SIP, not to understand asset allocation, not to define his goals. His first instinct was to put his entire capital into gold and silver. Because that is what had gone up. Because that is what everyone around him was talking about. Because that is what felt safe in the moment. I asked him one question: *"Were you thinking about silver six months ago?"* He paused. And said no. That pause said everything. --- This is not an isolated story. Across India right now, first-time investors are entering the market not through a plan — but through panic. Buying gold and silver at peak excitement, driven entirely by recent performance, with no framework for what comes next. This is recency bias in its most dangerous form — most dangerous precisely because it targets people who have no prior experience to counter it with. A new investor's first experience with markets shapes their entire relationship with investing for years to come. Starting that journey by chasing a rally is one of the most expensive lessons the market teaches. --- There is a principle I come back to every time I have this conversation: *If an asset causes anxiety before you invest in it — it will cause even greater stress after you invest in it.* Gold and silver may absolutely have a role in a well-structured portfolio. But for a first-time investor, that role should emerge from a plan — not from a price chart from the last 30 days. The best first investment is rarely the most exciting one. It is the one that teaches you patience, discipline, and the power of compounding — the three things no rally can teach you. --- Markets will always produce moments that feel urgent. The investors who build lasting wealth are not the ones who react to every one of those moments. They are the ones who had a plan before the moment arrived. If you are new to investing — start with a strategy, not a headline. Is your first investment driven by clarity — or by the crowd? #WealthManagement #NewInvestors #SilverRally #RecencyBias #ArthaMAX #FirstTimeInvestors #BehaviouralFinance #LongTermWealth #Compounding #IndianInvestors

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