A leading investment chief in India today said domestic equities could deliver double-digit returns over the next 12 months, supported by resilient earnings growth, infrastructure spending and strong domestic flows. However, he flagged the U.S. equity market as overextended, suggesting investors maintain selective exposure abroad. While he remains bullish on India, he recommended caution on valuation-heavy segments and stronger cash-flow names. The guidance underscores a dual strategy: lean into secular India growth, but focus heavily on risk management amid global volatility.