New Delhi, May 16 -- Expert View: Amid rising crude oil prices, persistent FII outflows and growing geopolitical uncertainty, Indian equity markets are navigating a difficult phase. Yet, retail investors continue to stay invested through SIPs, and domestic inflows remain resilient. In an interview with Mint, Devang Mehta, Deputy Managing Director & CIO - Equity NDPMS at Spark Capital Private Wealth, shares his views on whether investors are underestimating risks, the outlook for earnings and interest rates, and where the next big wealth-creation opportunities may emerge. Edited excerpts:

Foreign investors have aggressively exited Indian equities in the first four months of the calendar year 2026 (over 2.06 lakh Cr), driven by high oil pr...