If GDP and corporate earnings grow, we will see reasonable returns from here: Mahesh Patil

economictimes.indiatimes.com:

Mahesh Patil, CIO, ABSL AMC, talking to ET Now at the sidelines of ABSL Voyage 2024, says “the theme of our event is Dominant Bharat. If you really believe that Bharat is going to be the third largest economy in the next seven years, and the GDP is going to grow at 7% plus, then you will see a lot of opportunities emerging. Corporate India growth has been very strong in the last two years and will continue to grow at a double digit rate. If that is the case, then while markets might consolidate a bit in the near term because of the huge outperformance, you will still make the long-term returns the markets have given.”
30 years of wealth management, 30 years of superlative CAGR returns. They say good news and good prices rarely come together. Right now, the news is great. But when the news is great, prices are bad. What is the way forward? What should be the message from Birla AMC? And what should be the takeaway for them?
Mahesh Patil: Yes, good morning and welcome to this voyage event. I think we have been through this occasion and we have been trying to put forward our views. Okay, every time we come, okay, and talk over here, we are always worried. The market has reached a peak now. That is a common question which is there. But you are right, Last one year has been unprecedented. The kind of returns that we have seen and the market has been climbing the wall of worry.

We had all the concerns, last year, we had the Russia-Ukraine crisis which had started earlier, high interest rate, high inflation. And despite