Markets have moved out of the panic phase: Ajay Tyagi of UTI MF

The financial sector may go through a volatile phase in the short term, but its ability to create value in the long-term is fully intact.

As markets recover gradually from their March 2020 lows, AJAY TYAGI, executive vice president and fund manager (equity) at UTI AMC says there are many mid-and small-cap stocks that are available at reasonable valuations now. The financial sector, he tells Swati Verma, may go through a volatile phase in the short term, but its ability to create value in the long-term is fully intact. Edited excerpts:

Is the worst over for the markets or can they retest their March 2020 low?

The sudden fall that we saw in the Indian markets in March was a panic and a knee jerk