Indian investors who are risk-averse should diversify their portfolios across different asset classes such as equity, debt and liquid assets like bonds or cash, according to Ayush Aggarwal, chief investment officer at SMC Private Wealth. Aggarwal recommended a balanced portfolio approach with allocation reviewed and adjusted regularly based on market trends and changing economic or political conditions. Aggarwal is bullish on Indian stock markets, particularly those linked to recovery in the domestic economy.