In a chat with ET Wealth, Saravana Kumar, CIO, LIC Mutual Fund, tells that we must focus on quality business to create wealth.
With the equity market hitting new highs, how do you access it? Is there scope for further rally?
Implied equity market valuations and earnings expectations have made us cautious. In the past 12 months, the market has seen a price-earnings expansion rather than earnings expansion. The markets seem to have priced in a lot of future growth in current prices.
