The one positive I can see is that the companies they are investing in are good and the valuations are relatively reasonable.
But at the same time it seems like they are investing due to fomo. As if they wake up and realised that this 1000 cr of cash would have grown 1.5x in last 1-1.5 year (counting from time when the financial health of company was good after 2 years from COVID). Bad times come after good times in stock market. I hope they don’t overdo the investments.
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