Never Put 100% Money In Equities, Warns Market Veteran Devina Mehra

After a disappointing 2025 for Indian markets, is 2026 likely to be better? Devina Mehra of First Global believes the odds favour improvement, and for a simple reason, sentiment has turned fearful. She says history shows that anxiety and uncertainty in markets often precede above-normal returns, while extreme optimism usually signals trouble ahead. Mehra cautions retail investors against the dangerous mindset of chasing high returns through high risk. "High risk only guarantees high risk of loss," she warns, stressing that no portfolio should ever be 100% in equities. With indexes masking deeper pain in mid- and small-cap stocks, her advice is clear, stay invested, but be cautious, diversified, and realistic. 

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