Let the Return Expectations be Realistic!
The recent decline in the Indian equity market has been a jolt for many investors, and understandably so. In the last one month, major equity indices have been down into high single-digit and some of the sectoral indices are even down into double-digits. The pullback, driven primarily by foreign institutional investors’ (FIIs) relentless selling (higher than even March 2020) due to valuation concerns and earnings downgrades and maybe the China effect, has dampened the spirits of retail investors hoping for a more consistent rally.