Business Standard ·
Gold at $10k, SIP flows, smallcaps outlook: Chris Wood's India mkt playbook
Over a five- or 10-year view, if I were an Indian mutual fund investor, it makes sense to allocate half of your inflows into small- and mid-cap funds, Wood said.
In the absence of the geopolitical variable, one should get around 15 per cent returns from the Indian markets over the next one year— returns broadly in line with earnings growth, Christopher Wood, global head of equity strategy at Jefferies, told Puneet Wadhwa in an in-person interview at Gurugram on the sidelines of their India Forum. The biggest India-specific issue for foreigners is the capital gains tax in India, he added. Edited excerpts:
With US 10-year bond yields at 5 per cent and US Fed hiking rates, do you see the investment case for equities weakening?
