The markets are fully valued, with large caps better placed than mid or small-caps. Power, exports, manufacturing, and strong deposittaking banks are good investments themes, S Naren, CIO, ICICI Prudential Mutual Fund, tells ET in an interview.
Edited excerpts:
After the sharp correction in the markets after the IL&FS fiasco, where do we stand on valuations?
Our view is that the markets are fully v ..