ETMarkets Smart Talk: Retail money fueling rally in small & midcaps; expect modest return in FY25: Ramkumar K
“There are pockets of exuberance emerging, so caution is advised in selecting sectors and scrips. Modest returns from equities should be anticipated in the next year.” says Ramkumar K, Chief Investment Officer, Reliance General Insurance.
In an interview with ETMarkets, Ramkumar said: “We believe that domestic flows have driven the search for mid and small-cap stocks,” Edited excerpts:
Indian market hit a new milestone in the week gone by. We are in the last month of the FY where do you markets going in FY25? Time to tone down expectations?
Ramkumar K: The domestic market hit a new heigh, but not in isolation. Major equity markets worldwide, even those facing a looming recession, are performing remarkably well and achieving new highs.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Digital OfficerVisitIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisitWe have been the fastest-growing economy for many years, including the current year, and our market movements are only marginally better than theirs.
However, pockets of exuberance are emerging, so caution is advised in selecting sectors and scrips. Modest returns from equities should be anticipated in the next year.
What should investors watch out for in FY25 – any factors that could derail the bull run?
Ramkumar K:Since the risk assets market rally was common across the globe, we believe that any disruption in the momentum can only
