The benchmark indices have jumped about 50 per cent from their coronavirus lows on March 23, leading to fears that they may have entered the bubble zone. However, India’s top money managers are largely of the view that the markets may not have run ahead of their fundamentals.
They say the impact of Covid-19 is transitory in nature and the equity market is factoring in a potential recovery, which is likely to play out over the next one to two years. Fund managers and chief executives of mutual funds (MFs) were speaking during the fourth part of a series of webinars being organised ...
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