Feroze Azeez Of Anand Rathi Wealth Lists 3 Factors Set To Propel The Market In Modi's Third Term

Feroze Azeez, Deputy CEO of Anand Rathi Wealth, has outlined three pivotal factors shaping the growth trajectory of Indian equity markets. A significant shift from debt to equity investments has emerged, with the continuity of government playing a pivotal role in this transition. He says, despite India's substantial household savings totalling 800 lakh crores, only 3.2% is allocated to mutual funds and direct equities. Furthermore, small and mid-cap stocks are poised to outshine large-cap counterparts. Looking ahead, there will be heightened emphasis on enhancing capital market infrastructure over the next five years. According to Feroze Azeez, it wouldn't be surprising if Nifty achieves a compounded annual growth rate of 12-13%, potentially doubling in value within this timeframe.