'We are at an early stage of financialisation of savings'

How is your team viewing the current market valuations and preparing for possible corrections? The Indian equity market has been one of two prominent markets (alongside the US) generating close to double-digit returns (in dollar terms) over recent decades. We're now the fourth largest market globally, recently overtaking China as the largest weight in the emerging markets index. This reflects India's strong corporate fundamentals, robust economic positioning and rapid financialisation of a growing domestic savings pool. Some pockets have turned expensive, particularly in the mid- and small-cap space. Our team at HDFC Mutual Fund focuses on identifyin

This article was originally published on October 28, 2024.