New Delhi, April 29 -- The Indian stock market has delivered muted returns over the last year, significantly underperforming many major global peers, keeping investors worried about their equity portfolio.

The Nifty 50 has delivered zero returns over the last year, while the broader Nifty 500 index has inched up by 4%. In comparison, the S&P 500 index has jumped over 28% in the same period.

The poor show of the domestic market can be largely attributed to weak earnings growth, the lack of AI-themed opportunities, foreign capital outflow, and increased geopolitical risks.

However, equity markets never move in a linear way, and in fact, every market delivers zero returns for certain periods.

Kalpen Parekh, MD and CEO at DSP Mutual Fund,...