The bull run in the equity market is backed by a strong expectation of earnings growth and is not led by euphoria like in the previous rally witnessed in 2000 or 2008, said Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company.
The risk premium on investment in India is much lower compared to other emerging markets such as Russia, China, Brazil, and South Korea. India is one country where foreign portfolio investors have managed to move out $35 billion without any restriction, he said.
