Market is reasonable, neither expensive nor cheap: HDFC AMC
Prashant Jain, Executive Director & Chief Investment Officer at HDFC Asset Management Company Ltd believes the current market is neither expensive nor cheap, its reasonable.
Prashant Jain, Executive Director & Chief Investment Officer at HDFC Asset Management Company Ltd believes the market is neither expensive nor cheap, its reasonable.
The current 7-8 percent correction in the market is very normal level of correction for equities. He sees nothing out of place in it.
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According to him, the economic outcome of India is better than what it was pre-COVID. The growth outlook is good. Over time one should look at average kind of returns in these markets.
For the full interview, watch the accompanying video.
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