Time to allocate 20% of your capital to unlisted stocks in 2025: Raghav Iyengar, CEO, 360 ONE Asset

For those looking at their asset allocation profile afresh as we step into the new calendar year 2025, Raghav Iyengar, CEO, 360 ONE Asset, says one can allocate 50% to equity in the listed space, 30% in debt and the remaining 20% in the world of unlisted stocks.«Allocate a portion to unlisted investments, providing exposure to high-growth businesses in emerging sectors like fintech, renewable energy, and deep technology. These early-stage opportunities can unlock significant value over time,» he says.Edited excerpts from a chat on how to invest in 2025:

Sensex and Nifty are poised to end 2024 with 9-10% gains despite all the negative impact of geopolitical troubles, weak earnings in H1FY25 and fractured mandate in Lok Sabha elections. Would you expect double-digit gains in 2025?
Despite challenges from geopolitical tensions, weak earnings in the first half of FY25, and a split political mandate, India’s equity markets have displayed remarkable resilience. This strength underscores the country’s robust long-term growth fundamentals, driven by strong domestic consumption, structural reforms, and an expanding investor base.

Looking ahead at 2025, we remain cautiously optimistic. While double-digit gains are possible, the trajectory will depend on factors like global macroeconomic trends, corporate earnings recovery, the pace of domestic reforms, and geopolitical stability. Markets are inherently volatile, and we must be prepared for fluctuations.

Our focus remains on managing risks while seeking long-term value. By