As the market rebound pushes valuations to historic levels, Mint speaks to Jinesh Gopani, head of equity at Axis Mutual Fund, on the outlook of equities, the effect of moratoriums of the banking sector and the company’s plans for international funds. Edited excerpts:
Market valuations have reached a 10-year high. Should investors lower their return expectations?
Valuations look at two aspects—price and earnings. While we all know the price, the reality is that the covid-19 situation has made short-term earnings estimates uncertain.
