New Delhi, Feb. 26 -- Mihir Vora, chief investment officer at TRUST Mutual Fund, believes it is time to increase exposure to equities as he expects 10 to 12% earnings growth for large-caps and about 20% earnings growth for mid-caps and small-caps over the next couple of years. "The medium-term opportunity remains compelling, but the path is unlikely to be linear - discipline in asset allocation and selectivity should be continued," Vora said in an interview with Mint. Talking to Mint, Vora also explained why the market is not able to sustain gains, the ideal strategy for the mid and small-cap segments, and shared his medium-term outlook for the Indian stock market. Edited excerpts:

Investors have been smarting from a lot of volatility ov...