Fund Manager Siddhartha Bhaiya Dies at 47; Warned of 'Epic Bubble' in Indian Equities

• Siddhartha Bhaiya, Managing Director and Chief Investment Officer at Aequitas, passed away at 47 from a cardiac arrest.
• He recently warned that Indian equities were a 'bubble of epic proportions,' not a healthy bull phase.
• Bhaiya argued Nifty's low valuation was misleading, with retail portfolios holding stocks at 40+ PE, and mid/small caps over 50 PE.
• He described SIPs as 'Systematic Wealth Transfer' from the middle class to the rich, coinciding with promoter selling.
• Aequitas confirmed his death, praising his vision and leadership, and affirmed commitment to his philosophy and objectives.

Why It Matters: Renowned fund manager Siddhartha Bhaiya passed away at 47, leaving behind a stark warning on Indian equities.