He said that SIP inflows currently around $3 billion, will have their own cycles and are unlikely to keep rising indefinitely. While not yet ‘cheap’, which would mean falling below long-term averages, they are close enough to offer comfort. Conversely, mid and small-caps still trade 30% to 40% above their long-term averages. History shows these conflicts last longer than expected—the Russia-Ukraine war has lasted four years, and the Hamas conflict over two. If the war continues, there will be consequences for energy prices and sourcing: we are already seeing trouble with LPG (liquefied petroleum gas) supply.

Source: Mint March 23, 2026 02:07 UTC