“But people who are bearish are generally considered as ‘thoughtful and measured’ and people who are bullish are considered ‘cavalier’—so what to do,” Arora, Founder and Fund Manager at Helios Capital, posted on X (formerly Twitter), echoing a sentiment shared by market expert Sandip Sabharwal, who had called for more fund managers to make the case for optimism in the markets.
But people who are bearish are generally considered as “thoughtful and measured” and people who are bullish are considered “cavalier”- so what to do. https://t.co/QhGGCZ9Rvn
— Samir Arora (@Iamsamirarora) June 9, 2025
Sabharwal had earlier questioned why market experts focus so heavily on bearish outlooks, saying, “Instead of making 100 page presentations on why we should be ‘Bearish’, some of the ‘Experts’ from MF’s/PMSes/AIF’s etc should actually be making presentations on why we should be ‘Bullish’.”
Markets rally on RBI boost
Indian benchmark indices ended Monday in the green, with the Nifty climbing to an eight-month high and the Bank Nifty index touching a record intraday peak. The rally was driven by the Reserve Bank of India’s outsized 50 basis point rate cut, a 100 basis point CRR reduction, better-than-expected U.S. jobs data, and progress in U.S.-India trade negotiations.
The upbeat sentiment extended beyond large caps. The Nifty Midcap 100 rose 1.1%, and the Nifty Smallcap 100 gained 1.6%, outperforming the benchmark indices as investors bet on broader economic revival.
Helios MF makes big bets in May
Meanwhile, new fund disclosures from Helios Mutual Fund, backed by Arora, showed the Flexi Cap fund cut its cash holdings sharply from 5.26% in April to just 1.08% in May, signalling increased conviction in equity markets. The scheme, which has an AUM of Rs 3,213.5 crore, counts Adani Ports, ICICI Bank, and HDFC Bank as its top holdings.
The fund increased positions in Adani Ports, Bharat Electronics, and KPIT Technologies, while adding new exposures to MCX, NBCC, Gokaldas Exports, Delhivery, and Indian Hotels. It also exited S H Kelkar and Electronics Mart India. Cash levels were also reduced in the Midcap and Large & Mid Cap funds, further reflecting a bullish allocation shift.
As stocks march higher, Arora’s critique of the prevailing narrative raises a broader question, should optimism be treated with more intellectual respect in a market that thrives on sentiment swings?
Also read | Sector rotation expected as policy easing triggers catch-up rally: Sandip Sabharwal(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
