India is entering a new phase of wealth creation where disciplined investing and a surge in entrepreneurship — especially from Tier-2 and Tier-3 cities — will shape the market’s next decade, according to market veterans Madhu Kela, Navneet Munot, and Nilesh Shah.

Speaking to CNBC-TV18, the fund managers said that the days of “lazy investing” are over as earnings, innovation and entrepreneurship replace liquidity-driven rallies.

Lazy investing is over: Kela’s blunt warning after 18 turbulent months

Madhu Kela delivered the clearest message of the discussion: Indian investors cannot rely on broad market rallies anymore. “Lazy investing is dead,” he said, arguing that the last 12–18 months have punished portfolios that simply rode liquidity without assessing fundamentals.

Kela pointed out

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