India will continue to be a favoured investment destination: Mihir Vora

Keeping the short-term reactions aside, the impact of any taper really depends on the circumstances under which the US Fed starts tapering, he said.

MIHIR VORA, senior director & chief investment officer, Max Life Insurance talks to Puneet Wadhwa on the road ahead for the markets in the backdrop of US Fed’s liquidity tapering plan. Edited excerpts:

Have the markets fully discounted the possibility of a sooner-than-expected taper by the US Fed?

Markets have probably discounted a gradual tapering by the US Fed. Recently, small-caps and commodities did correct more than large-caps. However, keeping the short-term reactions aside, the impact of any taper really depends on the circumstances under which the US Fed starts tapering. If it is due to sustained growth, then it