We have been gradually moving our money from the expensive largecap stocks to reasonably valued mid and smallcap stocks, says Pankaj Tibrewal, SVP and Equity Portfolio Manager, Kotak Mutual Fund. Excerpts from an interview with ETNOW.
Is there going to be a lot of chop and churn for the mid and smallcaps in 2020 as well or would they finally play catch up with their largecap peers?
The last two years have been extremely difficult for the broader market and we have seen a significant polarisation in largecap stocks. The top 15-20 stocks are moving the index but the broader market has not participated, especially the mid and smallcap segment, after a phenomenal run in 2017.
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