Debt will have much lower volatility than equity over next three years , S. Naren, CIO, ICICI Prudential AMC, tells ET Now. Most of the largecap space is overvalued and we have to be careful everywhere except in export, manufacturing and PSU sectors.
Edited excerpts:
When we spoke last, you said not to buy small and midcap stocks and buy largecap stocks. Largecap stocks have done exceptionally well.
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