Asset Allocation: ETMarkets Smart Talk: 2024 outlook! Flexicap and largecap funds offer a balanced approach in current scenario: Rajesh Bhatia

"While the debate is around whether we are at the late stages of a valuation cycle and investor optimism, it is equally important to know that we are at an early stage of an economic cycle. So, while valuations can possibly correct, the earnings trajectory is expected to march on for the next few years and will provide a downside buffer to markets."

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