Investors looking for opportunities to make money in India’s election year will most likely find them in the battered corner of the nation’s $2 trillion stock market: midcap shares.
Mid- and small-sized companies are trading at a discount to their historical averages after the recent selloff, and the fund house plans to gradually boost its exposure to them relative to their larger peers, Nilesh Shah, CEO of Kotak Asset Management Co, said in an interview.