New Delhi, March 25 -- Milan Parikh, MD and Chairman of Jainam Broking, believes that while expanding the retail investor base is deepening capital markets, market strength will depend on the quality of engagement, investor awareness, and consistency. In an interview with Mint, Parikh said broader participation enhances liquidity and market depth, but also raises the risk of market swings. Edited excerpts:

Equity markets move in cycles, and over time, both expansion and consolidation phases have played a significant role in long-term wealth creation.

Rather than sitting on the fence during challenging phases, we believe that a disciplined approach to participation would help investors generate long-term wealth.

Investors who operate wi...