India Not a Buying Opportunity Yet; Dividends May Drive Future Returns: Rupal Bhansali

• Rupal Bhansali, Founder, CEO, and CIO of Double Duty Money Management, states Indian equities are not a compelling entry point due to misaligned valuations and earnings trends.
• She cautions that investor optimism alone cannot drive markets; fundamentals and valuations are key.
• Bhansali notes elevated valuations, especially in midcap stocks, despite recent downgrades in earnings momentum, posing a risk if earnings don't meet expectations.
• She predicts future equity returns will rely more on income generation, with dividends taking a larger responsibility in the next decade.
• Bhansali advises global diversification over home-country bias and suggests looking for ignored or out-of-favor opportunities to outperform markets.