Ace fund manager Nilesh Shah has said heading into 2025, investors should look at valuations and not play on momentum strategy in a market he sees entering a test cricket zone after a stellar run of five years.
"The next year will be like a test match after five years of T20," Shah, known for his cricket analogies to explain market dynamics, told NDTV Profit in an interview.
"Small and mid-caps generated returns of 28%, large caps gave 16–17%. The expectations have gone up and people think we should now get at least 25% return going forward. I don't think that is possible now," the managing director of Kotak Mahindra AMC said.
