Expert view, Oct. 10 -- Shiv Gupta, the founder and CEO of Sanctum Wealth, says family offices and HNIs (high-net-worth individuals) are steadily increasing allocations to alternative assets such as commercial real estate, REITs, InvITs, private credit, and private equity to diversify beyond traditional holdings like equities, fixed income, gold, and silver. In an interview with Mint, Gupta shared his views on the outlook for the Indian stock market for the second half of the current financial year (H2FY26), gold and bond investments. Here are edited excerpts of the interview:

With the Nifty 50 largely flat over the past year, the Indian market has under-participated in the global rally due to high valuations, muted earnings growth, glob...