Second half of FY23 is likely to see higher earnings growth: Swati Kulkarni

We can see a possible earnings growth revival in the automobile sector if the raw material pressure softens and semiconductor availability improves

Amid the ongoing market correction, the premium of Nifty Mid Cap 100 Index valuation to Nifty 50 Index valuation is higher at 12 per cent, as against the last 10 years’ average of 5 per cent, suggesting that the large-caps are relatively attractive, says SWATI KULKARNI, executive vice-president & fund manager for equity at UTI MF in an interview with Puneet Wadhwa. Edited excerpts:

Do you think 2022 could see negative returns from the frontline indices?

Most of the expectations that we were discussing last year around monetary tightening, sticky inflation, slowing global growth etc. have started to play out. The