In 10-11 years, Nifty should be where Sensex is today: Nilesh Shah, Kotak Mahindra AMC

At the ET Markets Pre-Budget meet on Friday the who's who of Dalal Street gathered to share with Nikunj Dalmia, Chief Editor, Financial Markets of ET Now, their ideas of how the Budget 2016 should be and how it can provide a roadmap for the Indian financial market.

Excerpts from a chat with Prashant Jain, CIO, HDFC Mutual Fund, S Naren, CIO, ICICI Prudential AMC, Nilesh Shah, MD, Kotak Mahindra AMC, Neelkanth Mishra, Credit Suisse, Ridham Desai, MD, Morgan Stanley India, S Naganath, President & CIO, DSP BlackRock:

Nikunj Dalmia: When do you expect corporate profitability to improve?

Prashant Jain, CIO, HDFC Mutual Fund: I think corporate profitability which is at a cyclical low will start improving and in the next three-five years the profit growth should be above trend.

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