'If investors wait for a correction of 5-10%, they'll be waiting for long time'

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Subscribe to enjoy similar stories. A major market correction is unlikely unless an unforeseen global event occurs beyond anyone’s control, according to Anuj Kapoor, MD & CEO of Private Wealth and Alternatives at JM Financial. “If investors wait for a correction beyond 5-10%, they might be left waiting for a long time," he said.

He notes that the June quarter didn’t feature standout corporate performances, but expects companies to catch up, leading to sustained growth and more justified valuations. While some investors are cautious due to high valuations, many IPOs are now reasonably priced, drawing significant capital from global investors. Edited Excerpts: Currently, there’s a "risk-on" sentiment towards India.

Globally, geopolitical tensions and uncertainties around the upcoming US elections are causing headwinds. However, India is perceived as a safe haven amidst the uncertain environment. Capital markets have been strong, with only brief lulls, and despite occasional uncertainties, there's a clear equity-focused bias.

This risk-on sentiment is now driving a greater appetite for more sophisticated investment products. With the public markets performing strongly and investors seeing returns, there is a growing eagerness among major players to explore an evolved set of investment options. Read more: Power Grid may benefit from higher investments in renewable energy Evolved investment options include unlisted shares of companies nearing or a few years away from an IPO, which is a rapidly growing market.