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Indian Equities Show Upward Trend Amid SIP Shift

10/21/2025

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Summary

Story summary

Navneet Munot, MD & CEO of HDFC Asset Management Company (HDFC AMC), says Indian equities are consolidating with upward bias.
He notes Systematic Investment Plan (SIP) investors have shifted the market toward disciplined investing.
Munot compares the AI boom to the dot-com era, noting valuations may be overhyped but long-term productivity impact could be significant, emphasizing asset allocation.
He expects earnings growth to align with nominal GDP growth as inflation normalizes.

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Story summary

Navneet Munot, MD & CEO of HDFC Asset Management Company (HDFC AMC), says Indian equities are consolidating with upward bias.
He notes Systematic Investment Plan (SIP) investors have shifted the market toward disciplined investing.
Munot compares the AI boom to the dot-com era, noting valuations may be overhyped but long-term productivity impact could be significant, emphasizing asset allocation.
He expects earnings growth to align with nominal GDP growth as inflation normalizes.