Markets still offer opportunities for long-term investors: Experts at BFSI

Leading money managers also warn of risks emanating from external factors besides frothy valuations in certain pockets in the domestic market

The 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 returns expectations were the key takeaways from a panel discussion involving the country’s leading money managers.

Speaking at the Business Standard BFSI Insight Summit on Mutual Funds, Prashant Jain, chief investment officer (CIO) at HDFC Asset Management Company (AMC) said, “I would agree that there are pockets of exuberance but don’t think it can be said for the entire equity markets. The bulk of returns over the next few years would be made from