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Daily Voice | Benchmark indices can deliver double digit returns this year, says Gaurav Misra of Mirae Asset Investment

Gaurav Misra expects a broad-based recovery in the coming years. "Structurally, there are industries ranging from financial products/services to discretionary consumption (including autos) which should do well."

February 27, 2022 / 08:46 AM IST
Gaurav Misra of Mirae Asset Investment Managers

Gaurav Misra of Mirae Asset Investment Managers

Gaurav Misra, co-head of equities at Mirae Asset Investment Managers, has a constructive view on Indian equities at current levels. "While benchmark indices could deliver those kinds of returns (double digits), I expect many stocks to do well in this period. At this moment both parameters (domestic macros and corporate earnings growth) are looking steady and not a cause of undue concern," he says in an interview to Moneycontrol.

With an experience of over 23 years in institutional and private equity, Misra says "US policy response will be the bigger driver for equity outlook in the short term" than Ukraine-Russia tensions.

Is it time to be more cautious and do you expect a significant correction in the coming months?

Equities as an asset class are more volatile and it is best to have a longer time horizon. It is difficult to predict the short term movement of the market. The short term will be driven more by global cues and there are well known reasons for uncertainty to abound. Investors with a longer investment horizon should look at this period of volatility to build/strengthen his/her equity exposure adequately.