Should stay invested in Indian equities based on 10 year outlook, says UTI AMC's Vetri Subramaniam

CNBC-TV18 caught up with Vetri Subramaniam of UTI AMC and Navneet Munot, CIO, SBI Mutual Fund as part of a special panel at the NSE India ETF conference.

On long-term view for market Munot said, “Structurally, I think looking at the macro environment which has improved largely due to falling oil prices."

From a domestic perspective looking at the bottoming of corporate profitability, valuations have become reasonable with the correction that has seen in large parts of the market, Munot said.

"If you take a slightly longer term view 3-5 years markets look interesting,” he added.

Vetri Subramaniam said, “If you are asking me where will the market go over three months, six months I have no clue, but I have not had a clue for the last 25 years either and the fact remains that markets have created value and as I said equity market are not zero-sum they do create value because they reflect the trends in the economy, the profit growth, the growth in the economy.

They reflect the quality of entrepreneurs who are able to extract value out of it so you should stay invested in India equities based on a 10-20 year outlook not just on base on what happens in 3-6 months, Subramaniam said.