Over the next year or two, earnings growth will be limited to a few sectors and not broad-based, said Sushant Bhansali, chief executive officer at Ambit Asset Management
Discretionary segments, he believes, may rebound as interest rates fall, rural incomes improve, and the government steps in with measures such as tax cuts and the Eighth Pay Commission
The recent moderation in SIP flows is largely a function of short-term sentiment, particularly in response to sharp corrections in small- and mid-cap segments, Rungta said