Why are people complaining with what is happening in the equity markets?

Markets have delivered solid long-term returns, but recent performance has been weak, which explains most of the complaints. As of early October 2026 (Nifty ~22,520), trailing CAGRs for the Nifty 50 (price returns; total returns including dividends are typically 1–1.5 percentage points higher) are roughly: 3 years: 4.5–4.7% 5 years: 8% 10 years: 11% These are in the range of historical norms for the longer periods. A 10-year 11% nominal return is respectable after accounting for Indian inflation (recently in the 4–5% range). Over 5 years it is more moderate, and over 3 years it is modest—barely competitive with safer…