On a day when the Nifty is trading with strong gains, several investors would be looking at their portfolio and feeling happy about the returns they have made in the smallcap part of their portfolio. This is exactly the opposite of what he or she might have felt just last week when a sharp correction took place in all segments of the markets, especially mid and smallcap stocks. Let the market be volatile, don't make volatile decisions. Now an investor who has taken exposure to small caps should first de-link both these correlations with what is happening to the Nifty. He or she should take a look at individual stocks and then decide to either hold or sell the individual smallcap stocks as in this space, while collective winds do impact these stocks at the end of the day long-term performance is determined by the fundamentals of each company.