Interaction of Dinesh Balachandran, Head – Investments, with Wealth Forum Dinesh offers a contrarian take on the current investment landscape: Bonds & Gold: Strong early CY25 gains may have peaked, with bond yields pricing in rate cuts and gold losing momentum as geopolitical risks ease. Equities: Markets may have bottomed, but earnings remain inconsistent earnings and rich valuations make a broad rally unlikely in the near term. Asset Allocation Insights: SBI BAF raised equity from 20% to ~60% post-correction. SBI MAAF trimmed gold/silver from 20% to 12%. Overweight on financials; bullish on energy, cement, and metals. Outlook for the rest of CY25 remains cautious across all three asset classes. Watch the full interview- https://www.wealthforumtv.com/video/fund-talk/outlook-is-cautious-across-all-3-asset-classes-2806