Investors expecting 15-20% returns may be disappointed: Rajeev Thakkar

PPFAS Mutual Fund CIO Rajeev Thakkar has cautioned that investors expecting 15-20 percent returns from equities may be disappointed, as nominal returns are likely to be lower going forward. He noted that while some market excesses have eased, frothy segments including food delivery and discount broking still require correction. Thakkar defended elevated cash holdings as a permissible strategy and recommended global diversification to mitigate portfolio risk.