There are many warning signs in the stock market today. High valuations, a large number of IPOs in the market and now high historical returns. Point-to-point return calculations can be misleading due to the selected starting point. While the Sensex has given 37 per cent returns during the last one year, it had a one-year return of 68% in March 2021 due to the volatility in March 2020. Calculation of Returns Based on Systematic Investment Plans