Investors Should Moderate Return Expectations, Says S Naren Of ICICI Prudential AMC

S. Naren, chief investment officer of ICICI Prudential Asset Management, cautions investors that equities are currently an expensive asset class, and this is often met with skepticism. This comes from a crowd of investors who have perceived equities to be the best investment avenue. A significant market correction, perhaps a minus 20% performance, might be necessary to drill this understanding down. Investors should moderate their return expectations, according to him.