Date: 14th Dec 2021 | Publication: Ausbiz
Indian equities go from strength to strength
Mugunthan Siva India Avenue Investment Management MD makes the case for India’s equity market valuations, given the compounding earnings story. It comes as the India Avenue Equity Fund delivered 52.86% over the last 12 months outperforming its benchmark by 13.51%, with the lower Aussie dollar bolstering performance. Mugunthan says November saw a market pullback to the tune of 2.68%, with volatility driven byCOVID-19 variant Omicron, rising inflation in the face of energy costs and supply chain issues. Mugunthan says if there is a further pullback for the same reasons, it could be a good time to gain exposure to the one of the best performing EM markets.