Investors should tone down return expectations: Mirae Asset's N Surana

Confidence in the ongoing earnings recovery will be the most important factor for the markets, says Surana

In the immediate term, the impact of the Omicron variant remains a key monitorable, while US inflation and pace of the Federal Reserve (Fed) tightening will be important events in 2022, says Neelesh Surana, chief investment officer at Mirae Asset Investment Managers (India). In an exclusive interview to Chirag Madia, he says that confidence in the ongoing earnings recovery will be the most important factor for the markets. Edited excerpts:

Indian equities gave around 24 per cent returns in 2021. Should investors expect similar kinds of returns as we enter 2022?

Investors should trim their expectations and instead commit to a long-term