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![Akshat_World Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1315735242250973186.png) Akshat Shrivastava [@Akshat_World](/creator/twitter/Akshat_World) on x 416.3K followers
Created: 2025-07-27 09:44:24 UTC

In the last 7-8 months, some of the top Mutual Funds in India (eg. PPFAS) have given like X% returns. 

Adjust it for INR depreciation, returns fall to 1-3% 

In fact, the last X year has been deeply depressing (return wise). 

Now: of course investing in certain markets is cyclical. We are going through a bad cycle. And, a good cycle will come in Indian equities. 

But, if you are looking to invest "new" money right now. Thinking from first principles is going to be useful:

1) Think of firms which can grow business at 18--20% CAGR. 
2) Innovating (building new business stacks).  
3) And, the valuations are NOT crazy. 

While doing #1 and #2 is still a possibility in India, for doing #3: you have to start hunting small and mid-caps. In fact, I would argue, you might have to pick a lot of micro-cap bets. 

There are X large cap firms in India that meet all above X criteria. And, therefore, retail investors trying to buy direct stocks in India is getting very risky.


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1949405503122977162/c:line.svg)

**Related Topics**
[has been](/topic/has-been)
[stocks](/topic/stocks)
[investment](/topic/investment)
[indian rupee](/topic/indian-rupee)
[india](/topic/india)

[Post Link](https://x.com/Akshat_World/status/1949405503122977162)