A cautious Anand Radhakrishnan, Managing Director and Chief Investment Officer, Emerging Markets Equity (India), Franklin Templeton, says it's still too early to say if the market correction is over. In an interview to Hamsini Karthik, he affirms that now is the true test of the systematic investment plan cycle. Edited excerpts:
Does the current trend suggest that deep market corrections are behind Indian equities?
The breadth of market correction is certainly not reflected in the movement of the Nifty. There are many stocks in the broader market, which have gone through a meaningful drop in the value. Sensex and Nifty, being driven