After the market sell-off, fund managers are broadly aligned on one message: share valuations are no longer stretched, but it’s still not the time to make aggressive bets. The decline in equities has narrowed India’s valuation premium, removed excess froth in overheated segments and brought large-cap stocks back to more comfortable levels, according to chief investment officers of six mutual funds. They remain sceptical about the prospects of mid-cap and small-cap stocks.
Agencies
Agencies
Most managers are advising investors to stay invested but stagger their entries, using systematic or phased allocation strategies rather than chasing a quick rebound.
Agencies
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