"EQUITY IS NOT THE ONLY GROWTH ASSET"

Swarup Anand Mohanty, Vice Chairman CEO of Mirae Asset Investment Managers, on why this is an ideal time to stay committed to funds chosen for long-term goals

- BY SAKSHI BATRA

SWARUP ANAND MOHANTY, Vice Chairman & CEO of Mirae Asset Investment Managers, oversees assets under management worth ₹1.9 lakh crore (as of February 2025). Of this, 70% is allocated to equities and 11% to debt. Amid market volatility, Mohanty advises investors to avoid rash decisions. Edited excerpts:

How worried are you looking at the recent market fall?

In the market, there are two types of people—buyers and sellers. Buyers prefer a downturn, while sellers want prices to rise.

As a buyer, I see this as an opportunity. Prices are reasonable, valuations look attractive, and for someone like me, who earns a salary and invests regularly, these are favourable times.

Are we nearing the bottom or are we in for long-term pain?

Concerns about market froth and high valuations were already being discussed over the past year. A correction was always on the cards. While the past five months have been challenging, such corrections follow a long one-way market rally. The shift began late last year when multiple factors converged—an urban slowdown, a weakening rupee, slowing GDP growth, and FIIs (foreign institutional investors) pulling out. When an overbought market faces such pressures, a correction is inevitable.