Even as the equity market has corrected sharply in the past few months, the valuations in midcaps and smallcaps are concerning, according to SANKARAN NAREN, executive director and chief investment officer of ICICI Prudential Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Naren says investors should take a hybrid approach to navigate global uncertainties. Edited excerpts:
How do you see 2025 panning out for equity as well as debt market investors?
2024 was a tale of two halves. While globally, economies grappled with high inflation, rising debt, and geopolitical tensions, India showed resilience. In 2025, we see this