We should be in for an extended period of bull market: Mahesh Patil

Despite the sharp market rally and rich valuations, MAHESH PATIL, chief investment officer for equity at Aditya Birla Sun Life Mutual Fund, tells Puneet Wadhwa in an interview that he does not foresee any dearth of liquidity in the markets. In this environment of increasing market breadth, he says, it’s all about bottom-up stock picking. Edited excerpts:

How do you see Indian equities perform in 2021 after a stupendous 2020?

After the Budget, our call on cyclical recovery in the economy and a broader recovery in the market is further reinforced. A pro-growth Budget, positive news on vaccines, a faster-than-expected economic recovery,