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