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IIT Madras Team Takes India's Solar Car Dream To South Africa

For Team Agnirath, the race is about much more than winning a trophy.

KL Rahul goes unsold in Maharaja Trophy auction: Here's why

Rajeev Thakkar on when to hold, when to exit, and why most get it wrong

For most investors, the focus is often on finding the right stock, entering at the right valuation, and identifying the next multibagger. Far fewer spend time understanding what may be the more difficult aspect of investing—knowing when to sell.Speaking at the ET Alpha Wealth Summit on Thursday on "The Art of the Exit," Rajiv Thakkar, CIO and Director at PPFAS Asset Management said that successful investing is not just about buying well but also about staying invested long enough for compounding to work. In fact, before discussing reasons to sell, he spent considerable time explaining why investors should avoid selling in the first place.According to Thakkar, one of the biggest mistakes investors make is selling because a stock has not moved for a few months.Also Read | ET Alpha Wealth Summit: Future alpha may emerge from neglected markets and asset classes, says Kalpen Parekh Investors often spend significant effort researching a company, understanding management quality, assessing industry prospects and evaluating valuations. Yet after purchasing the stock, many lose patience if prices remain stagnant for six months or a year.https://youtube.com/shorts/RiLj-X02NNE?feature=share"Investments are meant for wealth creation, not entertainment," he said, cautioning against treating investing like a source of excitement or constant action.Another common trigger for unnecessary selling is reacting to news flow. Markets are constantly bombarded with information—wars, elections, crude oil fluctuations, interest-rate decisions, capital flows and economic data. Investors who react to every headline often end up making poor decisions.To illustrate this, Thakkar recounted the story of an investor who received advance information about the severity of the Covid outbreak in early 2020. Acting on that information, the investor sold his technology stocks before the market crash. While the prediction turned out to be accurate, fear prevented him from re-entering the market, and he ultimately missed one of the strongest rallies in technology stocks.The lesson, according to Thakkar, is that even correct information does not necessarily translate into successful investment outcomes. Thakkar was particularly critical of the concept of "profit booking."Investors often feel compelled to sell simply because a stock has appreciated significantly. However, he argued that wealth is created by allowing successful investments to compound rather than by repeatedly locking in gains.Frequent buying and selling may benefit brokers, exchanges and tax authorities, but it often works against long-term investors. Hyperactivity in portfolios can destroy wealth by interrupting compounding and increasing costs.Similarly, investors should avoid selling because another stock appears more attractive. This "buyer's remorse" mindset frequently causes investors to abandon good businesses prematurely in pursuit of seemingly better opportunities."If you manage to find a genuinely good business with strong management, a large opportunity set and reasonable valuations, the best course of action is often to simply stay invested," he said.Thakkar emphasised that investors in taxable jurisdictions such as India should maintain low portfolio turnover whenever possible. Unlike institutional structures such as mutual funds or investors in tax-free jurisdictions, individual investors face taxes and transaction costs every time they trade. Excessive churn can significantly reduce long-term returns.For wealthy investors, family offices and HNIs, the ability to remain invested and minimise unnecessary transactions often becomes a major source of compounding advantage.Also Read | ET Alpha Wealth Summit: India could unlock a $5 trillion export opportunity through FTAs, says Saurabh Mukherjea While most reasons for selling are flawed, Thakkar identified several situations where exiting an investment becomes necessary. The most obvious reason is the need for capital. If an investor requires money for a business opportunity, acquisition or personal objective, selling investments may be entirely justified. More importantly, investors must be willing to acknowledge mistakes.If an investment thesis turns out to be wrong because of flawed analysis, poor due diligence or changing circumstances, the best course is often to exit quickly rather than averaging down endlessly.According to Thakkar, investors who recognise mistakes early frequently outperform those who identify good opportunities but refuse to sell losing positions. Capital trapped in poor investments cannot be deployed into better opportunities. Fraud, naturally, represents an immediate reason to exit.One of the more challenging selling decisions arises when industries face structural disruption. Questions such as whether newspapers can survive the internet, whether thermal power can coexist with renewable energy or whether traditional automobile manufacturers can adapt to electric vehicles rarely have straightforward answers.Thakkar suggested that investors should not react impulsively but should continuously evaluate incoming evidence. Investment decisions should be driven by facts rather than sentiment. If the underlying business continues to deteriorate because of technological or structural change, investors must eventually acknowledge reality and exit.At the same time, distinguishing genuine disruption from temporary noise remains critical. Exceptional businesses are not immune to becoming overvalued. Thakkar pointed to situations where valuations become so excessive that future growth is already fully reflected in stock prices. In such cases, taking profits, paying taxes and reallocating capital may be sensible.He also noted that investors may sell a reasonably valued investment if a significantly superior opportunity emerges elsewhere.During the question-and-answer session, investors raised concerns about stocks that stop performing despite sound fundamentals. Examples such as Maruti Suzuki, Bharti Airtel and even silver investments highlighted a common dilemma: should investors exit after years of gains and subsequent consolidation?Also Read | MF Tracker: Can ICICI Prudential Multicap Fund sustain its strong track record in a volatile market? Thakkar's response was that even excellent businesses can spend years moving sideways. Companies such as Hindustan Unilever, Infosys and Bharat Electronics have all gone through extended periods of stagnant share-price performance despite remaining fundamentally strong businesses.Investors should therefore distinguish between stock-price performance and business performance. As long as the underlying business continues to execute well, temporary market stagnation alone is not a sufficient reason to sell.For investors worried about selling too early, Thakkar recommended a phased approach. Instead of attempting to identify exact market tops, investors can gradually reduce exposure over time. For instance, if a stock appears significantly overvalued, an investor might sell a portion every month rather than exiting entirely in one transaction.This systematic approach helps manage the emotional difficulty of selling while reducing the risk of poor timing. Another important consideration is position sizing. Addressing a question about highly successful investments such as Nvidia, Thakkar noted that even outstanding businesses can become disproportionately large components of a portfolio.When a single stock grows from a small allocation into a dominant position, investors face a different risk—wealth preservation rather than wealth creation. His solution is gradual trimming. Investors can periodically reduce oversized positions to maintain comfortable portfolio weightings while still participating in future upside.This approach may not maximise returns, but it significantly reduces the risk of catastrophic losses and helps investors sleep better during periods of volatility.Thakkar concluded by stressing the importance of diversification and long-term investing. Most individuals create wealth through a single business, profession or sector. Their financial portfolios should therefore diversify away from that concentration rather than amplify it.Whether through mutual funds, retirement vehicles such as NPS, EPF and PPF, or diversified portfolios, investors should focus on owning inflation-protected assets for long periods. "The lower the churn in a portfolio, the greater the opportunity for compounding," he said.Ultimately, successful investing is not about perfectly timing every entry and exit. It is about avoiding unnecessary activity, admitting mistakes quickly, remaining patient with good businesses and ensuring that no single investment becomes large enough to threaten long-term financial stability.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.

Delhi hotel fire: Family gathered for ailing elder; 8 of them are dead

A family gathering to be with a gravely ill elder turned tragic when eight members died in a hotel fire. The Aggarwal family, who had traveled to be with 75-year-old Radheshyam, were among the victims. Relatives are devastated and have not yet informed the ailing patriarch of the catastrophe.

Only 3 players have achieved rare IPL three-peat - and 2 are from RCB

Royal Challengers Bengaluru secured their second IPL title, defeating Gujarat Titans. Amidst the celebrations, Phil Salt and Suyash Sharma achieved a rare IPL title hat-trick, winning three consecutive trophies with Kolkata Knight Riders and then RCB. They join Karn Sharma as the only players to achieve this remarkable feat.

Dembele brings PSG's Champions League trophy to French Open - Watch

IPL 2026: How every piece of the puzzle fell into place for Royal Challengers Bengaluru

Every major RCB win in IPL 2026 featured a different hero. Sometimes it was Kohli. Sometimes Patidar. Sometimes Padikkal. Sometimes David. Sometimes Krunal. Sometimes Bhuvneshwar. Sometimes it was the bowlers operating as a collective unit. That was the defining characteristic of this championship side. The first IPL trophy ended one of the league's longest waits. The second confirmed something even more important. Royal Challengers Bengaluru are no longer a franchise chasing history. They may well be on their way to creating one.

Kohli powers RCB to back-to-back IPL crowns

For Gujarat Titans, this was supposed to be Ahmedabad's night.Instead, it became an Ahmeda-bad evening for Shubman Gill's men.Also Read: RCB win IPL for 2 straight years, but this player has created a hat-trick of winsOn a stage draped in blue, in front of a crowd willing the home side towards a second IPL crown, Royal Challengers Bengaluru once again arrived like champions who no longer carry the burden of history. They carried certainty. They carried belief. And, as they have so often over the last two seasons, they carried Virat Kohli.Chasing a modest but tricky 156, RCB were never reckless. They were relentless. Kohli, the grandmaster of the chase and the heartbeat of this franchise, produced yet another knockout innings, crafting a half-century that sucked the anxiety out of the contest and the hope out of Gujarat's defence. It was not his most explosive knock. It did not need to be. It was a classic Kohli pursuit — measured, intelligent and utterly inevitable.The numbers will show another fifty. The final will remember much more than that.For a franchise that spent nearly two decades being cricket's great unfinished story, this felt like the final confirmation that last year's title was not an emotional one-off. This is now a team that understands how to win the biggest games. Two titles in two years is not a breakthrough. It is the beginning of a legacy.Yet Gujarat refused to make it easy.After being restricted to 155, a total that always felt 20 runs short on a placid Ahmedabad surface, the Titans fought with the stubbornness that has defined much of their short IPL history. Rashid Khan, magnificent as ever, dragged the contest deeper than it deserved to go. His spell was a reminder that class survives even when the scoreboard does not cooperate. Every wicket he took briefly reignited belief. Every dot ball lifted the noise levels.Also Read: Rohit, Dhoni, Hardik: When IPL's biggest names couldn't deliver this seasonAnd then there was Rajat Patidar — the quiet captain who has turned Royal Challengers Bengaluru from cricket’s great underachievers into a title machine.A year after leading RCB to their long-awaited maiden IPL crown, Patidar is set to script history again, becoming only the third captain after MS Dhoni and Rohit Sharma to guide a franchise to back-to-back IPL titles. If last season was about breaking an 18-year curse, this one has been about building a champion's mentality.Patidar’s numbers do not scream for attention, but his captaincy has. RCB topped the league stage, steamrolled Gujarat Titans in Qualifier 1, and entered the final carrying the assurance of a side that no longer panics under pressure. The 31-year-old has fostered a dressing-room culture built on clarity and calm, repeatedly insisting throughout the season that every game was “just another match” despite the mounting expectations around a title defence.His fingerprints were all over the campaign. Whether it was trusting Josh Hazlewood in crunch overs, backing Krunal Pandya's experience on spin-friendly surfaces, or ensuring Virat Kohli could play the anchor's role without the burden of forcing the pace, Patidar's tactical calls consistently landed. Most importantly, Patidar has managed something few RCB leaders before him could: he has made the franchise feel bigger than its baggage. For years, RCB were defined by near-misses, heartbreaks and dependence on individual brillianceBut Gujarat's bowlers were left carrying a burden that should never have been theirs alone.The real disappointment lay with the batting.Too many starts disappeared. Too many big names drifted through the final without leaving a mark. At no point did the innings gather the momentum expected from a side stacked with stroke-makers and match-winners. The scoreboard moved, but never surged. The pressure remained, and RCB's attack, led by the discipline of Josh Hazlewood and the control of Krunal Pandya, squeezed relentlessly.By the halfway mark, the script already felt familiar.RCB had been the better side for most of the season. They entered the final as favourites. They played like favourites. And when the moment arrived to finish the job, they handed the chase to the one man who has spent nearly two decades making impossible pursuits look routine.Kohli has worn many labels across his career — superstar, run machine, icon, leader.On nights like these, one title fits best- King Kohli.And with another IPL trophy glistening under the Ahmedabad lights, his kingdom just got bigger

PSG vs Arsenal is proof that the Gunners can slow down time

PSG won the trophy, Arsenal won the low block, and neutrals lost 120 minutes they may never emotionally recover from.

Two-year title drought ends! Satwik-Chirag win maiden Singapore Open

Satwiksairaj Rankireddy and Chirag Shetty clinched their maiden Singapore Open title, ending a two-year wait for a trophy. The Indian duo staged a remarkable comeback, defeating Indonesia's Fajar Alfian and Muhammad Shohibul Fikri 18-21, 21-17, 21-16 in a thrilling final. This historic victory marks their first doubles title at the prestigious Singapore Open and their ninth World Tour crown.

Man earning ₹18 LPA asks if he should leave corporate role for ₹7 LPA govt job, internet divided

The individual, who currently earns ₹18 lakh per annum in a metropolitan city, is considering accepting a government assistant post in their hometown with an annual salary of around ₹7 lakh.

'It'll be suicidal': Robin on tactical battle that could decide PSG vs Arsenal in CL Final

PSG carry the weight of champions, refusing to stop as they hope to retain the crown. Arsenal arrive with carpe diem in their hearts and history at their backs as they find themselves in the final of the Champions League for the first time since 2006. And if Arsenal get over the line, they would also become only the 25th club to ever win the European Cup or Champions League, having played 225 games in the competition - more than any other club to have never lifted the trophy.

Mumbai CNG price rises to ₹86 per kg in MGL's second hike this month

Mahanagar Gas Limited, the state-run gas distributor serving the Mumbai Metropolitan Region, has raised compressed natural gas prices by ₹2 per kilogram

CM inaugurates annual convention of ‘Snehagamam’

The event was organised by the Ranni-Nilackal diocese of the Malankara Mar Thoma Syrian Chruch to commemorate the golden jubilee of priesthood of Joseph Mar Barnabas Suffragan Metropolitan and Isaac Mar Philoxenos Episcopa

GRAP-1 restrictions revoked in Delhi-NCR

New Delhi: The Commission for Air Quality Management (CAQM) on Friday revoked stage one curbs under the Graded Response Action Plan in Delhi-NCR, following significant improvement in air quality.Owing to favourable meteorological conditions, the air quality index (AQI) of Delhi was recorded at 123, in the 'moderate' category on Friday, according to CAQM.Further, the forecast by the India Meteorological Department (IMD) and Indian Institute of Tropical Meteorology (IITM) indicates that AQI is likely to remain in 'moderate' category in the coming days, an official said.Also read | Major change in NEET-UG exam from 2027GRAP-1 restrictions have been in force under an order issued May 19.With the revocation of GRAP-1, restrictions such as ban on use of coal and firewood as fuel in tandoors in hotels, restaurants, and open eateries, and use of diesel generators only in emergency or essential situations, are removed.There are four stages under GRAP, each linked to AQI readings. The first stage, GRAP-1, kicks in when AQI is between 201 and 300; the second stage, GRAP-2, is invoked when the AQI is between 301 and 400; GRAP-3 kicks in between 401 and 500; and GRAP-4 is invoked when the AQI is more than 450.Also read | The Indian club that outlasted the British may not survive ModiAccording to the Central Pollution Control Board, an AQI between zero and 50 is considered 'good', 51-100 'satisfactory', 101-200 'moderate', 201-300 'poor', 301-400 'very poor', and 401-500 'severe'.

CNG price hiked to Rs 86 per kg in Mumbai, piped gas to Rs 52 per unit

Compressed Natural Gas (CNG) prices have increased by Rs 2 per kg in the Mumbai Metropolitan Region, taking the new rate to Rs 86 per kg. Piped cooking gas will also see a 50 paise per unit hike. This rise is attributed to global energy supply chain disruptions and increased procurement costs.

Congress Caught In Cauvery Crossfire: In Power Both In Karnataka & Tamil Nadu, Party Walks Mekedatu Tightrope

For incoming Karnataka Chief Minister DK Shivakumar, executing the Mekedatu dam is not merely a technocratic objective but a core political pledge

Blue Origin’s New Glenn rocket explodes in a massive fireball while undergoing a test — watch

In a dramatic turn of events, Blue Origin's New Glenn rocket was engulfed in flames during a launch pad catastrophe at Cape Canaveral. Fortunately, founder Jeff Bezos announced that all team members are safe, with an investigation already underway.

8% Of US Lacked Health Insurance In 2025, It May Get Worse: Report

The Trump administration has sought to expand access to low-premium catastrophic health insurance plans.

‘Ranji performances ignored by selectors’: Lad calls IPL ‘shortcut’ to Indian team

Veteran cricketer Siddhesh Lad expresses concern over the current state of Indian cricket selection. He states that consistent performance in the Indian Premier League, not the Ranji Trophy, is now the benchmark for national team selection. Lad feels this devalues domestic cricket and discourages promising young players from focusing on longer formats.