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Worried About Markets? Here’s Where You Can Park Your Money

Rohan Goyal — Thu, 26 Mar 2026 15:01:08 GMT

In times of geopolitical uncertainty such as the ongoing tensions in West Asia, market volatility often rises, making investors understandably cautious about their portfolios. During such periods, preserving capital and maintaining liquidity become more important than chasing high returns.

For investors feeling uneasy and looking to temporarily shift their money into safer avenues, the choice of instrument should largely depend on the intended time horizon.

1. Liquid Funds
For very short durations, typically up to 6 months - liquid funds can be a suitable option. These funds invest in high-quality, short-term money market instruments and aim to provide stability with minimal volatility.
Historically, liquid funds in India have delivered returns in the range of 5% to 7% annualized, depending on the interest rate cycle. While returns may be modest, they offer easy access to funds and relatively low risk.
These are taxed at the income tax slab rate of the investor but in such short timeframes, taxation must be a secondary consideration compared to capital preservation and liquidity.

2. Arbitrage Funds
For slightly longer horizons, around 6 to 12 months, arbitrage funds can be a compelling alternative. These funds take advantage of price differences between cash and derivatives markets, resulting in relatively stable and consistent returns with low directional market risk.
Over time, arbitrage funds have typically generated returns in the range of 6% to 8% annualized, making them competitive with short-term debt instruments.
More importantly, arbitrage funds are taxed as equity funds (at 20% for short term and 12.5% for long term capital gains), which can offer better post-tax returns compared to traditional debt-oriented options, especially for investors in higher tax brackets.

In uncertain times, the focus should not be on timing the market, but on aligning investments with one’s risk tolerance and time horizon. Temporary allocation to low-risk instruments like liquid and arbitrage funds can help investors stay disciplined, avoid panic-driven decisions, and re-enter growth assets with greater confidence when stability returns. Further, you can also look to do a 3-6 month STP from the liquid or arbitrage fund into equity funds to take advantage of the falling markets.

Is my current asset allocation still the most efficient way?

Anand K Rathi — Wed, 25 Mar 2026 12:42:35 GMT

Given the recent market volatility, we are seeing a increase in standard recovery timelines. While we expect double-digit returns to take a bit longer to materialize for current holdings, this environment actually creates a unique opportunity for your portfolio.

Historical data from the Nifty 50 and S&P 500 suggests that these are exactly the periods where the most wealth is built.

By continuing to invest regularly at these lower levels, we lower your average entry price. This positions you to capture much stronger growth as the market recovers.

Our Recommendation: To hit those double-digit targets over a 4–5 year horizon, we suggest:

Consistency: Maintaining or increasing your SIPs.
Diversification: Adding funds strategically to Equity, Global, Gold and Hybrid categories.
Patience: Allowing the power of compounding to work during the eventual market upswing.

Why the 4-5 Year Horizon Matters

Historically, the Indian market has shown a consistent pattern of recovery following corrections. Based on data from similar market cycles:

Correction Recovery: For 'Mild' corrections (15–20% drops), the average recovery time to previous highs is approximately 8–11 months.

The 'Early Years' Paradox: Research shows that when a SIP delivers low returns (below 8%) in its first 3–5 years, the subsequent 10-year annualized return often jumps to 11–14%. Conversely, those who start during 'boom' years often see lower long-term averages because they bought at higher prices.

While it feels counterintuitive to add money when the 'screen is red,' data confirms that time in the market beats timing the market every single time.

Should you stop your SIPs?

Anand K Rathi — Tue, 24 Mar 2026 12:29:39 GMT

At current levels (~74,000), portfolios may not look exciting.
But here’s what a recovery to previous highs (~85,700) can do:

XIRR jump isn’t small — it’s transformational

· 2020 SIP → +2% improvement

· 2021 SIP → +3%

· 2022 SIP → +4.5%

· 2023 SIP → +7%

· 2024 SIP → +12%

· 2025 SIP → +22%

Key takeaway:
The newer your SIP, the bigger the upside.

Why?
Because recent investments have accumulated more units at lower prices — and these benefit the most when markets recover.

Simple truth:
This phase is not destroying returns.
It is building future returns.

When markets move back up, the impact won’t feel gradual — it will feel sharp.

Staying invested right now is where the real money is made.

This Isn’t a Market Correction. It’s a Regime Shift

Anand K Rathi — Mon, 23 Mar 2026 13:47:13 GMT

Over the past few weeks, markets have been reacting sharply to a renewed surge in crude oil prices. This is not an unfamiliar setup for India, but the current combination of rising oil, currency pressure, and tightening financial conditions-warrants a disciplined reassessment of expectations.

What is changing?

At current levels, oil is beginning to act as a structural problem for the economy. Historically, sustained high crude prices impact India through three key channels:

Earnings pressure: Higher input costs compress corporate margins, particularly in consumption, aviation, paints, and chemicals.

Currency weakness: A widening Import-Export deficit puts pressure on the INR, further importing inflation.

Policy constraints: The RBI is forced into a tighter stance, while the government faces a trade-off between fiscal discipline and growth support.

Scenario Analysis (FY27 Outlook)

We have evaluated four possible paths depending on how persistent the oil shock becomes:

1. Bull Case (Oil stabilizes quickly)

Earnings growth remains strong (12%)

Markets sustain current valuations (21x PE)

Nifty trajectory remains constructive (16% upside)

2. Base Case (Moderate geopolitical friction)

Earnings growth slows (~8-9%)

Mild valuation compression (20x PE)

Markets deliver moderate returns (7%)

3. Bear Case (Oil sustains near/above $100)

Margins compress meaningfully

Earnings growth drops to low single digits (~3%)

Valuations de-rate further (19x PE)

Markets could see mild correction (-4%)

4. Worst Case (Structural shock: oil > $130)

Demand destruction + stagflation risk

Earnings contraction (~-1 to -2%)

Sharp valuation reset (~18x PE)

Markets may correct significantly (~-10 to -15%)

What should investors do?

This is not a cycle to react emotionally it is a cycle to reposition intelligently.

While we don’t believe we should add new money at the current levels, exiting investments doesn’t make right investment choice as there is a base case possibility of 7% growth this year. Hence moving the current portfolio to FD or debt would lead to permanent loss of growth.

Staggered deployment over lump sum

Volatility is likely to remain elevated over the next few months and hence we will get more investment opportunities at a future date.

Bottom line

We are transitioning from a liquidity-driven market to a cost-of-capital and earnings-quality driven market. Oil is acting as the trigger, but the real impact will unfold through earnings downgrades and valuation resets over time.

Markets rarely fall in a straight line-but they do reprice in phases. Staying disciplined, selective, and patient will be critical in this phase.

We will continue to monitor developments closely and guide portfolio adjustments accordingly.

Investment Team

MIRA Money.

Gold & Silver. Should you buy?

Anand K Rathi — Wed, 04 Feb 2026 04:24:41 GMT

Gold & Silver have fallen dramatically from its highs.

Don’t analyze the reasons for the fall. It's normal for any fast-growing asset to fall like this. Instead ask ….

Can I use this opportunity to increase the allocation to gold & silver?

I have personally never liked gold much. But the world that we are currently live in is not the same. When things change, we should change too.

We are in a world that’s engaged in CAPITAL WARS. It's that time when countries use money, financial systems, resources & economic leverage to attack its rivals or protect its national interest.

During times like these the world order changes & the best part is there is no direct military combat. Tankers & Troops are replaced by

- Tariffs & Sanctions
- Resource restrictions
- Technology access

As learnt from history during times like these there is one asset that outshines. Take 1930, 1970, 2008 or 2022.

GOLD

It offers hedge against uncertain trade & geopolitical uncertainties and there are no counter party risks. Hence for all you know the current fall can help reduce your cost price & enhance portfolio returns.

Along with gold, in general industrial metals, oil & gas tend to do well. You can therefore look at silver too.

We are looking at increasing the allocations from 10% to 15% of the portfolio.

Budget announcement that matters!

Anand K Rathi — Mon, 02 Feb 2026 12:21:59 GMT

While the overall budget is lacklustre, these are some key points we should know.

Real GDP growth is estimated at 7.4% in FY26, moderating to 6.8–7.2% in FY27.

What matters to investors in nominal GDP which is expected to be 10%. It would be good if this growth number is accompanied by moderate inflation. Good nominal growth would mean better revenues for corporates & better results for equity investors. This may have no impact for equity investors.

Gross market borrowing is pegged at ₹17.2 lakh crore (+16% YoY).

 This is negative for debt markets. The bond market was expecting lower number. Higher borrowing would mean the borrowing cost may rise. It may have moderate impact on banks margins. Overall negative.

Fiscal deficit narrows marginally to 4.3% of GDP in FY27 (vs 4.4% in FY26).

 This was on expected lines. India is on fiscal consolidation glide path. So naturally the deficit will come down. No major impact.

Capital expenditure rises to ₹12.2 lakh crore to sustain infrastructure momentum.

 A big surprise. This is good for medium to long term growth of India. But the question is the additional investment needs to come from revenue. Hence nominal GDP number has to be achieved. Else it could hit debt market investors as the borrowing will rise.

Semiconductor 2.0 Mission allocates up to ₹40,000 crore for electronics manufacturing.

 The government is clearly focused on this opportunity. You will see more investments coming in this space. Good to see continuity here.

Logistics push includes freight corridors, 20 new national waterways, and economic regions in Tier 2–3 cities.

 Good for long term. Freight costs to come down but this will happen over time.

STT on derivatives is increased across futures and options.

 Bad for traders but no impact for investors. Hedging costs will go up, so arbitrage returns, SIFs & AIF returns will get impacted a bit.

Tax incentives introduced for foreign cloud firms (holiday till 2047) and IFSC units essentially GIFT City (exemption extended to 20 of 25 years).

 This is super news for investors. Tax clarity is one of the key aspects foreign investors look for. Hope this helps spruces up investments in this space. Good for real estate in the states that win these companies.

Overall this budget was on expected lines. No major reforms were anticipated and now it's all about execution. We would be keenly watching quarterly results to see the impact of all these measures on equity markets.

Cost of being impatient.

Anand K Rathi — Wed, 05 Nov 2025 12:50:53 GMT

“Let’s invest all our money in Gold. It will go to 2lacs soon.”

This is exactly what a client told me around Diwali.

While I am certain gold will see new highs, the journey to 2lac is not going to be easy & smooth.

I shall try & share an important lessons on investing with recent history which every gold bull should know.

Let’s say someone invested in Nippon Gold Savings Fund (Direct Plan) 5 years back (September 2020).

You would be shocked to know that, it took more than 2 years to get your capital back to the purchase price. Also during this phase Gold dipped by 13.6% in 6 months’ time.

This experience would have left a lot of investors frustrated. They would have just sold all their gold as soon as the portfolio recovered back all its losses. This is what many investors are dong to their equity portfolio today. They would still come back & invest but only after missing few best returns month.

Do you want to know the impact of missing few important months?

Returns if you continued holding gold throughout 61 months: 16.6% p.a

Returns if you missed the best month: 13.9% p.a

Returns if you missed 3 best months: 10.6% p.a

Returns if you missed 5 best months: 7.5% p.a

As you can see from the example, to build wealth using any asset be it Gold or Equity it's important to be patient. Especially during the time when the assets underperform badly. It happened with gold between 2020-22 and with equity in 2024-25.

Your investing style is wrong if you believe you will buy today & the price will start taking off tomorrow.

They say journey is as important as destination.

Applied aptly to wealth creation. Brace yourself for the ride. What say?

HOW TO PREPARE FOR BULL MARKET

Anand K Rathi — Mon, 27 Oct 2025 06:25:56 GMT

This bull market can be lengthy – Guide to prepare for it.

While many investors are setting themselves well to protect capital in case of a fall, what would you do if the market continues to move up?

After all bull markets can last longer than you think. Here is the 5 points checklist

- Keep Return of Capital as the prime Objective. Avoid wealth destruction mistakes.

- Prepare yourself mentally for some short term falls. It can range between 10%-20%.

- Just because you move out of a company doesn’t mean it will stop growing. If a company keeps growing so will its share price.

- Stop listening to people who give you TIPS. There is a difference between return generation and wealth creation.

- Don’t fall for instant gratification. A good company that you buy post your research will quadruple first and in fact quadruple again.

Largecap = Poor Returns

Anand K Rathi — Wed, 22 Oct 2025 05:20:14 GMT

Why invest in largecap? The returns are poor.

This is what a lot of new investors used to think back in 2024. They used to aggressively invest in small and midcap stocks and funds.

But the story between Diwali ‘24 and Diwali ‘25 tells you the significance of large caps.

Nifty 50 generated 6.7% returns and fell 17%
Nifty 500 just gave 4.5% returns and fell over 20% in the interim.

Please remember every asset and market cap plays an important role in the portfolio. Ignoring one asset because of past performance can lead to poor returns.

So focus on a building well diversified portfolio. Get your portfolo reviewed by our investment experts.

SILVER 2030: ANALYSIS OF UNPRECEDENTED RISE

Anand K Rathi — Thu, 16 Oct 2025 15:08:27 GMT

Executive Summary: Silver's Shining Moment

Motilal Oswal Financial Services' "Silver 2030 – The Unprecedented Rise" report (Oct 2025) paints a compelling picture: silver is undergoing a structural revaluation. A staggering 70% year-to-date price surge isn't just a blip; it's fueled by robust industrial and investment demand, coupled with a persistent supply deficit. The green energy transition is acting as a massive tailwind. Get ready, silver's time to shine is now!

Here's a quick rundown of the key drivers:

Industrial Demand: Solar panels, EVs, and other green tech applications are voraciously consuming silver.
Supply Deficit: Mine production struggles to keep pace with surging demand.
Investment Demand: Investors are flocking to silver as an inflation hedge and growth play.

Core Drivers: Peeling Back the Layers

Let's delve deeper into what's driving this silver surge. The two main factors are Industrial Demand and a persistent Supply Deficit:

Silver's unique properties make it indispensable for many industrial applications. The rise of solar photovoltaic (PV) technology is a major catalyst. As governments and corporations invest heavily in renewable energy, the demand for silver in solar panels will continue to grow exponentially. Electric vehicles (EVs) are another significant demand driver, with silver used in various components. The electronics industry, from smartphones to computers, also contributes substantially to the overall industrial demand. The report highlights that industrial demand is expected to increase by 15% annually over the next decade.

Industrial Demand:

Solar PV
Electric Vehicles
Electronics
Other Industrial Uses

Combine all that with a Depletion of inventories and you have a recipe for price increases.

The report indicates a significant depletion of silver inventories globally. Above-ground stocks have been drawn down to meet demand, creating a physical tightness in the market. This scarcity further exacerbates the supply-demand imbalance.

Price Forecasts: What the Future Holds

So, where are silver prices headed? Here's a summary of Motilal Oswal's projections:

Year	USD/oz	INR/kg
2026	35	85,000
2027	42	100,000
2028	50	120,000
2029	58	140,000
2030	65	160,000

India-Specific Highlights: A Silver Lining for Indian Investors

The report shines a spotlight on India's unique position in the silver market:

ETF Inflows: Increasing investment in silver ETFs indicates growing Indian investor interest.
Spot and Futures Market: A well-developed spot and futures market provides liquidity and price discovery.
Optimal Strategy: The report suggests a buy-on-dips strategy for Indian investors, capitalizing on market volatility.

Risks: Navigating the Silver Seas

Of course, no investment is without risk. The report highlights potential headwinds:

Volatility: Silver prices can be highly volatile, influenced by macroeconomic factors and investor sentiment.
Demand Risk: A slowdown in global economic growth could dampen industrial demand.
Substitution: Technological advancements might lead to the substitution of silver in certain applications.
Liquidity: While generally liquid, the silver market can experience periods of reduced liquidity.

Key Takeaways: The Silver Bullet Points

To summarise, here are the crucial takeaways from the "Silver 2030" report:

Structural Deficit: A long-term supply deficit is the primary driver of price appreciation.
Physical Tightness: Depleting inventories indicate a physical squeeze in the market.
Green Economy: The green energy transition provides a massive tailwind for silver demand.
Price Re-rating: Silver is undergoing a structural repricing, with higher price levels becoming the new normal.
Indian Edge: India's growing investor base and well-developed market offer unique opportunities.

Analyst Conclusion: A Structural Repricing

Motilal Oswal's analysts conclude that silver is experiencing a structural repricing, driven by fundamental shifts in supply and demand dynamics. This isn't a short-term rally; it's a long-term trend. They believe that higher price levels are sustainable, supported by robust industrial demand and a persistent supply deficit. Indian investors are well-positioned to benefit from this silver boom, provided they adopt a prudent investment strategy and carefully manage the inherent risks.

India's Economic Pulse

Anand K Rathi — Mon, 13 Oct 2025 08:14:07 GMT

Strong Growth Momentum

India's economic growth in Q2FY26 exceeded 7% year-on-year. This robust performance was fueled by a combination of factors, including strong rural demand, increased public spending, and a period of relatively soft inflation.

Upgraded Outlook

The World Bank has revised its FY26 GDP growth forecast for India upwards, now projecting a growth rate of 6.5%. This reflects increasing confidence in India's economic trajectory.

High-Frequency Indicators

Several high-frequency indicators point to continued economic strength:

Auto sales: +5.2%
Diesel consumption: +6.4%
Petrol consumption: +7.5%
E-way bill generation: Up 21.1% y/y

Festive Demand

Anticipated GST cuts and the upcoming festive season are expected to drive Diwali 2025 sales above ₹4.75 trillion. The apparel and durables sectors are projected to be the primary drivers of this surge in spending.

Broad-Based Resilience

Data spanning various sectors, from mobility to manufacturing, indicates sustained growth across the Indian economy.

India's growth story is underpinned by a potent combination of confidence, strong consumption, and strategic capacity expansion.

What pushed Gold to $4000

Anand K Rathi — Wed, 08 Oct 2025 04:30:47 GMT

Do you know why Gold is at $4000?

This is the only reason for it.

It all started in 2022.

Russia attacked Ukraine in Feb/Mar 2022.

US & its allies decided to freeze Russia’s foreign exchange reserves to the tune of $300bn. The reserves were majorly in Euro & USD.

It's a case of confiscation of asset without a clear return date. Scary, if it happens to our assets, isn’t it?

This was unheard of and shook many Central Bankers of the world.

They decided one thing, diversify our reserve asset away from currencies & invest the sum in assets that cannot be frozen ever.

Gold was the answer!

Many central bankers from India, Poland, China, Turkey & few more started buying gold in droves.

The demand for the sanction proof metal used to be about 400 tonnes/year before 2022. It shot up to 1000 tonnes/ year post the freeze.

This consistent demand kept pushing gold prices higher despite higher US interest rates.

Even now China is loading up on gold every month to build & secure its reserve.

What would have happened if war hadn’t happened?

Gold would have still done well but not touched $4000. It would have given us Indians decent protection against INR depreciation & general supply demand metrics would have kept the prices at least 25% lower.

What does the future hold?

Honestly, I didn’t make too much money from this gold rally and at the price point I would be skeptical of investing in lumpsum. If central banks continue to buy gold, then prices can still shoot up. So, I am holding gold but adding new investments systematically.

This is how US sanctions on Russia gave life to a dull asset like Gold.

NRI : TIN format by country

Girish Ippadi — Thu, 18 Sep 2025 11:41:58 GMT

TIN format by country.xlsx

Google Docs

All about gold & silver

Anand K Rathi — Wed, 17 Sep 2025 06:54:56 GMT

Investment Rationale

Role of each Metals
Gold – Strategic hedge, crisis protection, low correlation to equities.
Silver – Cyclical, high industrial demand (solar, electronics), potential for outperformance in manufacturing/reflation phases.
Diversification: Gold stabilizes while silver amplifies, offering multi-regime risk balance.

Whats driving the price up?

Gold: Central-bank buying, Fed rate-cut cycles, dollar weakness, geopolitical risk.
Silver: Rising industrial/solar PV demand, persistent supply deficits, attractive gold–silver ratio (91 currently vs long-term 70).

Whats the current problem with reinvesting?

Timing either metal is hard: long “flat” phases for gold, high volatility/fat tails for silver.
Frequent rebalancing triggers short-term capital gains tax and erodes compounding.

Gold & Silver basket benefits

Professional Allocation: Upto 25% allocation in silver with tactical tilts using momentum, ratio signals, and macro factors.
Tax Efficiency: Internal rebalancing avoids repeated capital-gains taxation.
All-Weather Exposure: Reduces regret risk and offers a single vehicle for precious-metal diversification.

Historical Performance

15-yr CAGR: Gold 11.8%, Silver 9.5%, 50:50 blend 12.1%.
3-yr CAGR: Gold 25.3%, Silver 24.1%, blend 24.1%.
Lower correlation with equities and debt enhances portfolio diversification.
(*Past performance is not indicative of future results.)

Bottom Line
The Gold & Silver basket offers a convenient, tax-efficient way to gain balanced exposure to both strategic (gold) and cyclical (silver) precious metals, aiming to capture diversification benefits while mitigating timing and tax-related risks.

3 strategies to build $ portfolio

Anand K Rathi — Wed, 06 Aug 2025 01:06:47 GMT

Do you plan to send your kids abroad? This could worry you.

RBI may let USD/INR depreciate to 90.

This could be one of the weapons the government may use to negate the impact of US Tariff.

In fact, this was one of the measures China used in 2018 /19 to counter US tariff then. They let Chinese Yuan depreciate 10% in quick succession to make exports viable.

While our export could be competitive, copying this method for an import heavy nation like India will not be easy.

Now if Rupee slides how can you as investors make money.

USD Global Portfolio: This will offer global diversification and generate returns in USD. This is a good long-term strategy but volatile.

Gold: This is one of the simplest methods to generate returns in USD. Invest in INR gold but make returns in USD as gold is traded in dollars. This is a good medium-term strategy but can produce zero returns for long period of time.

US Treasury ETF: About 3 or 4 AMCs in India offer treasury bond ETF FoF that helps you to buy US G-Sec papers. By investing them you not only make the returns but also protect your portfolio again INR depreciation. Good strategy for short term.

On our app the first 2 options are possible. Check it out.