Rising food prices and commentary from global central banks have thrown a spanner in equity market rally. DEVINA MEHRA, founder, chairperson, and managing director of First Global, said in an email interview with Puneet Wadhwa that she expects the outperformance of the Indian equity markets to continue. Edited excerpts:
For investors, is it time to be greedy or fearful?
I do not think it is time to be fearful. There are a few factors behind my saying so. For one, from 2010 to 2020, it was an underperformance period for Indian markets relative to their history, offering only a compound annual return of 8.8 per cent, as opposed to a longer-term average of 15–16 per cent. Plus, it also underperformed