Niket Shah says: "2024 could be a year of lower returns as compared to 2023. This is because some of the tailwinds which caused this years outperformance (lower oil prices, easy domestic liquidity, certainty on political front) are likely to be missing next year. Nonetheless, given that we should see lower interest rates next year it should result in 8-10% returns for 2024 which will be lower than 2023."
Mahesh Patil says: "As the market starts to factor in rate cuts, and dollar weakens, one should expect FII allocations to India also improve as India offers the best growth amongst all major economies. With Nifty valuation only marginally above the long-term average, we expect market returns to be tracking overall earnings growth."
Madanagopal Ramu says: "In the long-term, investing in selective quality mid and small caps which fall in the emerging sectors or segments of the economy are always the best way to generate alpha. Investing in selective mid and small businesses operating in sectors which contribute India growth story and manage to generate sufficient spread in the business are better way to invest in the mid and smallcap segment."
Sumit Agrawal says: "After a long time, we are seeing an uptick in capex, capabilities build up and good visibility on industrial growth. Continued traction in government capex, with some pick up in the private sector as well, along with a consumption pick up sometime in the middle of next year would lead to continued growth surprises in 2024. I remain quite optimistic for India in 2024."
The Nifty Smallcap250 Quality 50 Index tracks the top 50 high-quality small-cap stocks in India, offering potential higher returns but comes with risks like volatility and lower liquidity, accessible through mutual funds or ETFs, requiring thorough investor research before investment.