New Delhi, April 5 -- A portfolio is built around a family's risk profile, return expectations, time horizon, liquidity needs, taxation and diversification. In that sense, it is purpose-built, designed for specific outcomes rather than market conditions.

Such a portfolio carries a strategic intent. It does not require constant alteration in response to market swings, new asset fads or even disruptive global events. movements, a new asset wave, a catastrophic event, etc.

Yet, amid the ongoing war, trade disruptions and energy uncertainties, a common question persists: does this environment warrant a portfolio rethink?

Portfolio changes are suggested when some scheme or product is underperforming. A shift is needed to another similar but...