In an interview with The Economic Times, Raghav Iyengar, CEO of 360 ONE Asset, outlines a pragmatic investment approach for HNIs and UHNIs in the current market environment. He recommends trimming exposure to overcrowded midcap trades and shifting focus to high-quality large caps. Iyengar highlights the growing relevance of a barbell strategy—balancing core equity holdings with defensive assets like short-duration debt and REITs. He also discusses the rising appeal of private credit, alternatives like AIFs, and global diversification as sophisticated investors seek yield, stability, and strategic growth opportunities amid a range-bound market.