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A sharp surge in stocks and expensive valuations notwithstanding, this could still be a good time to enter the market with a long-term investment horizon and moderate return expectations. These were some of the key takeaways from a panel discussion that saw the country’s leading money managers put their heads together.
Speaking at the Business Standard BFSI Insight Summit on mutual funds (MFs), Prashant Jain, chief investment officer (CIO) at HDFC Asset Management Company (AMC), said, “There are clusters of exuberance. But I don’t think it can be said for the entire equity market. The bulk of returns over the
