Value stocks did well in 2022 due to favourable risk-reward ratio. However, since the run-up has largely corrected the undervaluation, future upside in these stocks will depend on sustainability of earnings, said Neelesh Surana, chief investment officer (CIO), Mirae Asset Investment Managers. Surana told Abhishek Kumar that opportunities have emerged in growth-oriented business, post the time and price correction last year.
You have completed 15 years at Mirae Asset MF. What are your key learnings during the period?
In the last 15 years, we have witnessed many black-swan sort of events. There was a global financial crisis immediately after the start of our business in 2008. Then came the oil shock, Euro Zone/Brexit crisis, demonetisation and Covid. Even during these troubled times, many businesses did well and created wealth for their investors. So, any uncertainty, be it on the
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