Fund Manager Siddharth Bhaiya Warned of 'Historic Bubble' Before Demise

• Renowned fund manager Siddharth Bhaiya, MD of 'Aequitas', passed away on December 31, 2025, at 47 from a heart attack in New Zealand.
• Before his demise, Bhaiya warned the Indian market was in a 'historic bubble,' stating Nifty's PE of 20 was deceptive.
• He argued the real PE for common investors was above 40, calling the 'India growth story' a bubble, not a bull run.
• Bhaiya coined 'SWT' (Systematic Wealth Transfer) for SIPs, suggesting wealth was transferring from the middle class to the wealthy.
• A CA with 25+ years experience, he founded Aequitas in 2013, growing its AUM to ₹7,700 crore by Jan 2026.

Why It Matters: Siddharth Bhaiya's final warning about an 'epic bubble' in the Indian market resonates after his passing.