Where are the Markets headed at this point?

Mr Kenneth Andrade, Vice-President of Equity at IDFC Mutual Fund, having over 14 years of experience in equity research and fund management, spoke to Business Line about the mutual fund scenario in the country.

Infrastructure Development Finance Co (IDFC) took over Standard Chartered?s mutual fund business in India in March. Currently, the fund house manages assets under management to the tune of Rs 12,255 crore.
What do you have to say about markets at this point?

In the current macroeconomic environment, equities are not the most-favoured asset class, so there is a lot of money going into alternative assets, and as long as the fixed maturity plans, and debt markets continue to give double-digit returns, the appetite for equity will be low. I think that the way we are valued or the way the market is trading, we have a market which is already reasonable in terms of multiples.