Mehra says it is generally believed that equity market compounds at a growth rate of 15-16 per cent; this is historically the long-term compounding that one saw since the BSE Sensex's inception
You have to do this consciously and ruthlessly, even if you are kicking and screaming inside - and let me tell you, your insides will be resisting every bit of it.
Even when FIIs were a much bigger proportion of the market than they were, then they are now when mutual funds are large, direct retail participation is also much larger.