The equity market would overcome the effects of twin disruptions of demonetisation and GST implementation while corporate earnings are expected to pick up pace, according to Aditya Birla Sun Life Mutual Fund.
"Our bottom research suggests that Nifty50 Index could clock EPS (earnings per share) growth of 10 percent in FY18 and 19 percent in FY19," said Mahesh Patil, Co-Chief Investment officer-Equity at Aditya Birla Sun Life Mutual Fund adding that investors should expect returns of 12-15 percent annualised returns from the market with a 3-5 year horizon.
