New Delhi, Dec. 16 -- Chander Bhatia, Chief Investment Officer at Seers Fund Management Private Limited, believes large-caps may grow by 10-11% CAGR over the next 3-4 years, whereas mid-caps and small-caps may grow by 13-15% during the same period. He expects the overall direction of the Indian stock market to remain positive due to the positive domestic factors. In an interview with Mint, Bhatia shared his outlook for the market and shared his views on the Indian rupee and economy. Here are edited excerpts of the interview:

Generally, it is challenging to predict the market in the short term, as it is impacted by news flow and the emotions of market participants.

The Indian market has been consolidating for the last 15 months, and a lo...