‘There Is Never Free Money in the Market’: Nippon India MF CIO on Overvalued Stocks | Rising Bharat

“There is never free money in the market,” says Shailesh Raj Bhan, CIO of Nippon India Mutual Fund, explaining why investors in high-valuation stocks have seen muted returns.Bhan points out that several stocks traded at exceptionally high valuations two to three years ago, with relatively young businesses commanding valuations of 50–70 times earnings amid strong market momentum. At the same time, India's earnings growth was comparatively subdued.He argues that investors who entered these businesses at inflated valuations may have overpaid, helping explain the average or disappointing returns that followed.What lessons should investors draw from India's valuation cycle? Watch this conversation for insights into stock valuations, market momentum, earnings growth and the importance of disciplined investing.Stay tuned to CNN-News18 for the latest stock market news, investment insights and expert perspectives. n18oc_indiaNews18 Mobile App - https://onelink.to/desc-youtube