Expect mid-teen returns from Indian market: Abakkus Asset Management

Abakkus Asset Management expects mid-teen returns from the Indian equity market, Sunil Singhania, founder, said in an interview to CNBC-TV18.

The firm also advises investors to believe in the long-term story of the Indian equity market as the economy is expected to continue to grow by 7-8 percent over the next decade.

According to him, there are adequate opportunities in India and therefore, there is no need to look at overseas markets.