# Want stable returns? Experts say public and private markets offer better prospects

> Investors should diversify between public and private markets during downturns, not choose one.
- Title: Want stable returns? Experts say public and private markets…
- Summary: Investors should diversify between public and private markets during downturns, not choose one. Investors should diversify across public and private markets…
- Keywords: public markets, private markets, market downturns, investor strategy, diversification, private equity, kotak private banking, multiples alternate asset management, asset allocation, market crash, news, india
- Source: mint — https://livemint.com/money/want-stable-returns-what-experts-say-public-and-private-markets-offer-better-prospects-renuka-ramnath-nilesh-shah-kotak-11791738772577.html
- Author: Jocelyn Fernandes
- Published: 2026-10-11T18:05:44+00:00
- Read time: 1 min
- Topics: public markets, private markets, market downturns, investor strategy, diversification, private equity, kotak private banking, multiples alternate asset management, asset allocation, market crash, news, india
## Public and private markets strategies
Fund managers Renuka Ramnath and Nilesh Shah offered different takes on what investors should do during market downturns.
## Ramnath on private market safety
Ramnath stressed private markets offer safety through active operational control during crises.
## Ramnath's boardroom influence
As a private company board member, Ramnath retains control over cash usage and company strategy during downturns.
## Ramnath's crisis management
Ramnath noted private equity requires intense crisis management to shield companies from internal and external events.
## Shah on public market bargains
Shah argued public markets create wealth opportunities after asset bubbles burst due to distressed valuations.
## Shah's public market strategy
Shah noted public market investors typically sell assets below fair value during market crashes.
## Ramnath's private market access
Ramnath recommended scaling up private market exposure gradually over five to seven years for investors.
## Diversification over either/or
Both experts agreed investors should diversify across asset classes, not treat public and private markets as an either/or choice.
## Investor strategy conclusion
Investors should diversify between public and private markets during downturns to avoid 'either/or' choices.
## Key takeaway

Investors should diversify across public and private markets during downturns to avoid 'either/or' choices.