The foundation of our outperformance lies in disciplined, long-term investing in high-growth businesses. What’s critical to highlight is that the returns have primarily been driven by the earnings compounding, not multiple expansion. In other words, profits have done the heavy lifting—not sentiment-driven rerating.
RBI reports $26.9 billion valuation gains in gold and bonds for 2024-25
The Reserve Bank of India reveals valuation gains in reserves. These gains reached $26.9 billion during fiscal year 2024-25. This is a significant jump from