look news india
According to reports, Narayan said that in the last few days there is a lot of discussion about the Chinese markets. But over the past five years, Indian markets have consistently delivered 15 percent compound annual growth rate, while Chinese markets are nowhere near that. It is almost zero. In fact, in some cases, it is negative, he said. For example Hong Kong. Speaking at the launch of Investor Awareness Week at NSE, Narayan said FY2014 was a remarkable year for India, with the benchmark index up 28 per cent and volatility only 10 per cent.
some side effects
This condition also has some side effects. He said the future will not be the same and investors should not consider it a one-way street. Narayan said such attractive returns could lead to complacency and pointed to the many youngsters who are opening demat accounts to join the crowd. Giving the analogy of driving a car, Narayan said it is very important to educate people about the dangers.
5 times increase in small and midcap shares
He said the imbalance between investors' case flow and new paper supply has led to a 5x 40 per cent rise in small and midcap stocks in the last five years. On its part, the capital markets regulator is working hard to ensure that funding approvals are granted expeditiously so that there is a steady flow of supply of quality paper in the market. Giving specific advice to investors, Narayan said that from a broader, long-term perspective, Indian markets will only go north from here given the economic growth prospects in the country.