Markets Often Price Growth. They Rarely Price Patience.

Some businesses don't need to grow every quarter to create wealth. They simply need the industry to mature. Take premium consumption. Ten years ago, owning a premium watch, travelling abroad or investing through a wealth manager wasn't common for most Indians. Today, those behaviours are becoming mainstream. Companies like

s, , , , and aren't just riding a cycle. They're riding a lifestyle shift. The biggest investment opportunities often come from changes in behaviour, not changes in GDP.