Investors must allocate more money to large cap-oriented equity schemes, said Mahesh Patil, chief investment officer of Aditya Birla Sun Life Mutual Fund. In an interview with Prashant Mahesh, Patil said he is bullish on auto and banks. Edited excerpts:
How are market valuations after the fall?
Valuations of the Nifty 50, which traded at a premium for a couple of years, are now reasonable and closer to long-term averages.
