SVB collapse may lead to lower rate hikes; expect 12% return for next 1 year: Vinod Karki

The equity strategist at ICICI Securities, Vinod Karki, has said that the long-term expected return from the index has been around 12%, and that one can expect only when valuations are normal and not very high. Karki also says that there was a lot of stress in terms of the NPA cycle and some of the industrial companies had a lot of stress in terms of shrinking their profit pool. That has been reversing over the last couple of years.