Market gives steady compounding return in mid-to-long term: Manish Gunwani

The market offers a steady compounding return in the medium-to-long term, says Gunwani

March 2021 quarter corporate earnings and the second wave of Covid have kept the markets busy over the past few weeks. MANISH GUNWANI, CIO-equity investments at Nippon India Mutual Fund, tells Puneet Wadhwa in an interview that though reduced activity is likely to hit near-term earnings of domestic sectors, the two-three year outlook on corporate earnings growth remains robust. Edited excerpts:

The markets have been relatively resilient in the wake of the second Covid wave. Until when can this last?

There are multiple reasons for this apparent disconnect. First, the Indian stock market is not only about India -- a fair bit