Return expectations need to be moderated'

Kotak AMC says earnings growth may pick up from next year

- SUNDAR SETHURAMAN

Investors need to moderate their return expectations from the equity market and should be careful before taking positions, Kotak Asset Management Company's Chief Investment Officer (CIO)-Equity, Harsha Upadhyaya said, asserting that despite the positive growth outlook, the valuations remain higher.

The slowing economy and corporate earnings, as well as higher valuation, make it essential to lower average expectations from equity returns, he said.