Berkshire has $365 billion in cash.
Buffett spent 60 years investing. Never bought a single Indian stock directly.
Think about that for a second.
India is the world's fastest-growing large economy.
Nifty has created enormous wealth.
And yet — the greatest investor alive passed.
Why?
He said it himself: India has "unexplored opportunities."
But Berkshire never pulled the trigger.
The only India bet? $300M into Paytm in 2018.
Exited quietly. At a loss.
Here's what Buffett actually looks for:
Predictable earnings. Strong moat. Simple business. Dollar returns.
Now run Nifty's top 10 through that filter —
Reliance (9.18% weight). HDFC Bank. ICICI. Airtel.
Maybe 2-3 pass. The rest? Complex conglomerates, regulatory opacity, capital repatriation friction.
This doesn't mean India is a bad market.
It means blind index investing without understanding what you own is lazy.
Nifty PE sits around 20-21x today — not cheap.
And the top 5 stocks = ~40% of the entire index.
You're not diversified. You're concentrated and calling it safe.
Buffett's India silence is a masterclass in discipline.
So my question to you:
Do you know what's actually inside your Nifty fund?
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