@mlennyma. I think such a blanket statement like the one above "If you don't have some equity bank in your portfolio I don't think you are a serious investor on the NSE", is rather too presumptous. Quite a few counters have returned even more robust returns than Equity, over the last year.
This is not to say there's nothing wrong in owning Equity. As a matter, I do have some, but I have learnt everyone has their investing style and mine is not necessarily the best.