Stay updated with breaking news from Midcap Space. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
“If you trust your money to a mutual fund manager, who brings his expertise in terms of stock picking not only to the diversification across large, mid and smallcaps but also across the sectors, I will find this to be as good a time to invest as any. And finally, because the markets are reaching new highs, it does not mean that markets are overpriced.
“You cannot have a market rally without participation from banking. It is worth paying attention to. But it might not be the outperforming sector. The outperformance may still go back to where it was earlier which is in, say, PSU stocks, for example. Banks have generally been the most beaten down part of the market and Kotak has actually been an underperformer. ”
"The tide has lifted all the boats in this space. Amid India's buoyant equity markets as well as strong institutional and retail liquidity, several stocks with low public float have also surged this year. We believe caution is warranted in those names with a lower free float amid a lack of liquidity and low institutional ownership. The recent sharp price cuts across this space have showcased the underlying risk involved."
"It's time to be sector-specific if not company-specific. Sectors that are reliant on domestic business will continue to do relatively well compared to companies that are overly reliant on exports. Rather than investing in a high-level mid-, small-, or largecap fund, thematic fund investing would be the ideal approach. As the Indian economy prepares for the catapult, some sectors would outperform for a prolonged period."
"I would be a little cautious in small and midcap space in the near term. Indian SMIDs have returned more than 30% in FY24, significantly outperforming not just their largecap peers, but also their global peers (which have been flat to negative in FY24). This accompanied by increased global volatility, fading margin tailwinds and moderate growth could weigh on overall SMID sentiments."