Fund managers again large-caps, keep cautious of mid- & small caps
After the market sell-off, fund managers are broadly aligned on one message: share valuations are not stretched, however it’s nonetheless not the time to make aggressive bets. The decline in equities has narrowed India’s valuation premium, eliminated extra froth in overheated segments and introduced large-cap shares again to extra comfy ranges, in accordance with chief funding officers of six mutual funds. They continue to be sceptical concerning the prospects of mid-cap and small-cap shares.
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Most managers are advising buyers to remain invested however stagger their entries, utilizing systematic or phased allocation methods somewhat than chasing a fast rebound.
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