Millennium Post

Expect 8-10% return from markets this year: Kotak

Expecting 8-10 per cent return from markets this year, ace banker Uday Kotak has said India is also ready to explore various new products while there is appetite for some good "high-quality" public offers as well. "India's inflation is under control, I see inflation of 4-4.5 per cent and my view is that the markets should give a return of 8-10 per cent," the Kotak group chief said while talking about his outlook for Indian markets this year.

Kotak, who was here for the WEF Annual Meeting held last week, said the Indian markets are "open for high quality issuances, by good companies and at reasonable valuations".

"One of the biggest beneficiaries in India today is the financial services sector, especially after demonetisation. I see a significant growth in financial savings, and I am extremely optimistic about markets," he said.

On new products like muni bonds, REITs and InvITs, he said, "India is ready to explore and it is a good sign of an evolving marketplace. After all the lecture we got from the West, they may be having second thoughts but India is moving forward."
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