Long-term outcomes of popular IPO themes could disappoint: Prashant Jain

Prashant Jain, co-founder of 3P Investment Managers, anticipates Indian large-caps to compound at 11-12% over the next three to five years. He expresses caution on popular themes like consumption and manufacturing, citing expensive valuations, and believes small- and mid-caps have overshot fair valuations due to a surge in new investors.

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