\”Being Still and doing nothing are two completely different things\” – Jackie Chan. This is one of my all-time favourite quotes and is extremely relevant for Indian investors today. Let us look at three aspects, namely, how the Indian equity markets have performed over different time periods, investor behaviour recently, and finally, how we can remain still and calm going forward. Equity market returns over the short and long run Steep fall over five months – Indian Equity markets have been falling continuously for the past five months from October 24 onwards. The last year has definitely been a year of two halves in terms of investor behaviour – first half saw frenzied opening of new demat accounts, NFOs from mutual funds, high turnover turnover. With the fall in the equity markets, volumes have dropped and anxiety levels have increased significantly. The “snake of fear” and inner “calm” investors who stick to their long term plans appear to be doing “nothing”