The Rate of Change (ROC) index is a simple way to measure how much the market has moved over a specific time. In this case, it tracks how much the Nifty index has changed over the last 36 months, or three years. On average, this number stays between 20% to 40%. That means the market usually gives around 25% to 45% return over a 3-year period. But sometimes, there are phases when the returns shoot up to 100%, 200%, or even 300%.

Rare but Powerful Bull Runs
These high-return phases don’t come every year, but when they do, they can change your entire investment journey. In the early 1990s during the Harshad Mehta phase, or around 2005, the market saw three-year returns of up to 250–300%. More recently, after the 2008 crash, there was a strong recovery by 2011. Similarly, the post-COVID rally from 2020 to 2023 gave investors more than 100% returns over three years. These phases show up once or twice every decade and can create long-term wealth.

The Key Is to Stay Invested
Not every year will give you a 25% or 30% return. In fact, there will be years with low or even negative returns. But to benefit from the big rallies, you need to remain invested. Timing the exact start of a 3-year bull run is nearly impossible. By the time you realize it, most of the rally might already be behind you. That’s why consistent participation is the only way to catch these strong uptrends.

Handling the Down Years
While we wait for these big years, we must also be ready to face dull or negative phases. Some 3-year periods may give poor or negative returns. But these are part of the game. If you want to enjoy the phases where the market doubles or triples in three years, you must also be ready to go through the slow or falling markets without panic.

Market Ownership Keeps Changing
Every market cycle has a phase where ownership shifts. When too many people get into the market, it becomes over-owned, and that often signals a top. Later, when people exit due to fear or loss, a fresh cycle starts. Liquidity, global events, and investor behavior all play a part in these shifts. But over time, markets do reward those who stay the course.

From the market chaos of the 90s to mastering momentum investing, Ravi shares his powerful ETCS model for building lasting wealth. Expect practical tips on diversification, avoiding emotional traps, and thriving in today’s India. A must-watch for both new and seasoned investors!