In next 12 months, will the bad get worse before it gets better? Manish Gunwani answers
“We are going to have steady rather than supernormal returns this year. Inflation is good for equities in terms of both EPS and bonds and will probably help equities deliver okay returns. In a world which has such high inflation, it is almost like saying the cost of not being in equities is more than the cost of being in equities because bonds are the frontline of fragility.”