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Expected 20% earnings growth for next year is a big support for equities, Franklin Templeton

Updated : August 17, 2018 01:41 PM IST

Expected 20 percent earnings growth for next year is a big support for equities, S Naganath, president & chief investment officer of Franklin Templeton Alternative Investments.

"As far as Indian equities are concerned, I think the earnings growth momentum appears to be fairly positive compared to what we saw in fiscal 2017 and fiscal 2016," said Naganath.

The growth coming in at 15-17 percent is also a big improvement from the trend we have seen in the past three-four years, he said, adding that it is a big support for equities but it has to be watchful of the headwinds.

Franklin Templeton is in the process of launching their alternative investments vertical with their maiden fund - 'Franklin India Long Short Equity AIF'.

“I anticipate a fairly elevated volatility in the markets in the next twelve months or so globally and to that extent, we will also be affected by it, said Naganath

 
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