No red flag in market but expect low teens returns: Siddharth Srivastava

Siddharth Srivastava, ETF Products & Fund Manager at Mirae Asset Investment Managers (India), advises caution in microcap and smallcap categories due to high valuations. He expects market consolidation until earnings justify current valuations. “From an investment horizon point of view, we believe that whosoever is investing in smallcaps, be it BR fund or any other fund, he or she should now look at at least a four to six-year horizon. ”