Veteran fund manager Siddhartha Bhaiya, who passed away on Wednesday aged 47, told NDTV Profit in November 2024 that he was sitting on a cash holding of over 80%. "We just don't find any opportunities to invest. The valuations are expensive, now the growth has come off," Bhaiya said. His prediction came true as Nifty dipped 17% by March-April 2025.