CY18 will be much more volatile but investors should stay put, says Khemani

It is important to look at the backdrop CY18 (calendar year 2018) has started with, says Khemani

There are a lot of macro headwinds but micros have started improving, making it tricky for investors, VIKAS KHEMANI, president and chief executive officer, Edelweiss Securities, tells Puneet Wadhwa. After strong returns last year, investors should tone down expectations in the current year, Khemani says.  Edited excerpts:

Do you see markets undergoing a time-wise correction?

It is important to look at the backdrop CY18 (calendar year 2018) has started with. There are a lot of macro headwinds, but micros have started improving. This is a tricky situation for the investors. CY17 was the least volatile year in decades. CY18 will