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    A correction is very much possible in the market, says Ajit Menon of PGIM India MF

    Synopsis

    We are cautiously optimistic on market precisely for these reasons - markets have rallied a lot and valuations are expensive.

    While the Indian markets touch new highs every other day in 2021, fund managers are cautious, yet positive about the outlook for the the equity market in this year. We spoke to Ajit Menon, CEO, PGIM India Mutual Fund. The fund house has garnered a good chunk of AUM in the last one year and has launched a new scheme recently. Menon however says that, "We are cautiously optimistic on market." Edited Interview. This year began with a rally in the
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    The Economic Times