FUNDVIEW India equity market returns to 'normalise' this fiscal, Canara Robeco Mutual Fund says [Reuters]
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Source: Reuters
equities at Canara Robeco Mutual Fund said on Monday, making a case for increasing exposure to large companies. "The 25% growth in earnings, which was witnessed in last fiscal, will normalise to around 13%-15% this year, and when that happens, there would be realignment of market expectations," Shridatta Bhandwaldar said in Mumbai. "Overall returns from Nifty 50 would also be around the earnings growth, so this would be a moderate returns' year." Canara Robeco Mutual Fund manages around 880 billion rupees ($10.55 billion) of Indian equities. India's financial year starts April 1. A booming economy and strong foreign fund inflows boosted the benchmark Nifty 50 (.NSEI) , opens new tab index about 29% last fiscal, its best performance in three years. Bhandwaldar expects foreign inflows to pick up further this fiscal year, with activity peaking in the second half once the Federal Reserve starts cutting interest rates. "Foreigners will prefer large caps but remain worried about
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