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Equity returns over the medium term will be much better, says Harshad Patwardhan of Edelweiss AMC

ET Online

Synopsis

"We expect traditional defensive sectors such as domestic pharma to underperform the broader market."

As mutual fund investors redeem their investments in fear of a big correction, Harshad Patwardhan, CIO-equities, Edelweiss Asset Management, says, “We have learnt that in Indian equities (as in other emerging market equities) one should always be mentally prepared for a meaningful correction. Instead of getting unnerved by them, disciplined investors can actually benefit from these factors.” Edited Interview. This year has started with the

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