Krishna Sanghavi, CIO-Equities, Mahindra Manulife MF, says “8-10 months back, smallcaps were quite attractively valued and we saw a rally. Yes, we did launch our fund almost at the right time in December 22. So yes, smallcaps which are undervalued have now caught up. Maybe the RBI pause was one of the triggers which drove it. For now, it looks like flows are driving the rally much faster than what one possibly can think of from a pure fundamental catch-up.
