Indian mkts to grow at 15% CAGR in next 5 yrs: Amansa Cap

The stock market has been topsy-turvy since the Union Budget. A big one-week sell-off followed by a big one-week comeback and the Nifty is perched again near the 4,500 mark.

In an interview with CNBC-TV18, Akash Prakash, Fund Manager and CEO, Amansa Capital discussed the future outlook for the stock markets. He said he was a little cautious on the global markets. "I still feel that the US and Organization of Economic Cooperation and Development (OECD) economies have serious economic problems and again the investors are getting a little complacent in those markets. I think the markets will stabilise or remain rangebound for sometime," he said.

Speaking on the Indian markets, he said that he was positive on India. He expected Indian markets to have a compounded annual growth rate (CAGR) of 15% in the next five years. "I think the Nifty will be around 4,600-4,700 by the end of the year," he added.

Here is a verbatim transcript of the exclusive interview with Akash Prakash on CNBC-TV18. Also watch the accompanying video.
Q: Is there more juice in the global rally. The S&P hit a new 2009 high this week?

A: I am a little cautious on the global markets actually. I think that maybe 950-960 or 975 on the S&P 500 [would be hit], I would be much surprised if it gets beyond that, maybe 1,000. But I am not of the camp that you will see 1,100 or 1,250 on the S&P 500. The US markets will take a breather for some time here.
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