He stated the role of domestic investors in maintaining market stability even as foreign investors have reduced exposure. “Local money has been supporting the market while foreign investors sold around $14 billion this year. Domestic ownership is increasing, which is very positive for long-term growth,” Munot added.
On the global stage, Munot expressed optimism about India’s rising influence. “The world is moving from a unipolar to a multipolar order. India, as the largest democracy and a hub of talent and trust capital, is poised to play a defining role this century,” he noted, pointing to growing partnerships with countries like Japan.
Read Here | India back on investors’ radar as valuations ease: Amundi’s Florian NetoAddressing near-term market concerns, Munot acknowledged uncertainties surrounding tariffs and global events. “The only certainty in today’s world is the continuity of uncertainty. Yet, policy prudence, liquidity, and a supportive macroeconomic backdrop have helped reduce volatility,” he explained, citing recent interest rate cuts, GST reductions, and fiscal measures.
Munot also spoke on the long-term growth potential of India’s asset management industry. With AUM around ₹75 lakh crore (~$800 billion) and only 55 million investors, he believes the sector is in its early stages. “The trajectory resembles the US in the late 1980s. There’s a long runway ahead as awareness and participation grow,” he said.
Concluding on the festive season, Munot noted the positive impact of policy measures on consumption, calling this period the “Ganpati, wedding, and winter economy,” and expressed confidence that continued liquidity and supportive reforms will further bolster India’s growth story.
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