Investors should expect reasonable returns of 15-17% from equities in the long term, said Neelesh Surana, CIO (Equities), Mirae Asset Management. In an interview with Prashant Mahesh, Surana said he finds banking interesting.
Edited excerpts:
The Sensex is up 18% since the start of the year and now trades at a PE of 22.6 times. Are valuations stretched?
Three factors need to be considered while looking at the market PE multiple.
considered while looking at the market PE multiple.