Sunil Subramaniam's trick to manage emotions in this bull market SECTIONS Last Updated: Jul 06, 2021, 08:43 AM IST Share ET Now What kind of returns are you expecting from the market? Retail investors are always one eye looking back and one eye looking forward. I expect the retail investor flows to consistently increase and more importantly, redemptions to come down. The returns have been fabulous in the last one-and-a-half years, but if you project it back to three years the returns are still reasonable. So new investors may have unreasonable expectations because of this. So what is the longer term expectation? I think that the markets have discounted the future. But then there is another future of the India GDP growth story driven by capex, which is still only being played by a few players who are seeing the future. The broader market participation into the long-term India story is still yet to happen fully. When that happens, you will see a rear-ended pickup.