At the ET Alpha Wealth Summit, HSBC Mutual Fund CEO Kailash Kulkarni advised investors to maintain realistic expectations regarding returns, noting that achieving a 12% annual return in equity markets is a commendable outcome. He identified export-led manufacturing as a significant long-term growth opportunity for the Indian economy. Additionally, Kulkarni discussed the potential of artificial intelligence to empower retail investors by providing better access to information, which could enhance investment decisions. His insights reflect current trends in the Indian market and emphasize cautious optimism for investors. HSBC Mutual Fund CEO Kailash Kulkarni urged investors to keep return expectations realistic, saying a 12% annual return is a strong outcome in equity markets.