Negative impactEconomy
ET Wealth Expo: Why market veteran S Naren thinks investors are getting gold, silver and asset allocation all wrong
Economic Times 1 hr ago·31 Oct 2026, 6:35 am
S Naren, Chief Investment Officer at ICICI Prudential Mutual Fund, argues that many investors are failing to build a balanced portfolio. He points out that during the recent rally in silver, a surge in assets like gold and equities, a rush of money poured into these popular assets. This herd behavior often leads to buying at peak prices, increasing the risk of significant losses when the market corrects.
According to Naren, true asset allocation involves buying assets that are currently out of favor. He believes that investors should not chase performance but instead focus on a mix of different asset classes. This strategy helps smooth out volatility and reduces the impact of a single market downturn. He maintains that gold remains a vital component of a diversified portfolio for long-term stability.
Moving forward, investors should prioritize a disciplined approach over chasing quick gains. It is important to maintain a diversified mix of assets regardless of market trends. Keeping a long-term perspective and focusing on fundamentals will help investors navigate market cycles more effectively.
Key takeaways
- Category: Economy.
- AI reads the tone as negative (potentially bearish) for the stock.
Why it matters
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