Market is likely to remain volatile going forward as well until bond yields settle in a range, adding that bond markets are also as good an opportunity as equities, for this year and probably for the next year, said Kenneth Andrade, Founder and CEO, Old Bridge Capital Management.

According to him, both asset classes will have the opportunity to play out securely over a 1-2 year period, the only caveat being brace for slightly lower returns in asset classes.

However, there is no need to worry too much about the levels at which the market is currently trading at, he added.

He said the macros were great in the last four years but the micros were weak because corporate profitability wasn’t kicking in.

“ Currently, valuation is a problem but it won’t be so if growth comes back,” he said.

Talking about the pain seen in midcaps, he said one needs to look at it on a case to case basis and see whether their portfolio needs a reshuffle.

The housing sector is looking optimistic on non-urban demand, agriculture and related businesses see major opportunity in the space on back of significant amount of social spending by government. However, he is happy to stay out of the financial space.

Pharma companies will make a comeback but not all of them and so one will have to be stock specific over there and similar is the case for IT, he said.