Profit growth outlook to be main driver of market, says HDFC MF’s Gopal Agrawal

“Investors can expect medium to long term returns to be in line with overall economic growth. Post Covid-19, the corporate earnings cycle turned and the market witnessed strong results and upgrades for FY22 and FY23. The upgrades have been broad based and driven by revival in profitability of corporate banks, materials, industrials and healthcare.”