Even as valuations in the small and midcap space have stretched, ASHISH SHANKER, managing director and chief executive officer of Motilal Oswal Private Wealth, has been advising clients to prefer largecap and flexicap funds for incremental investment. In an interaction with Abhishek Kumar, Shanker discusses how the wealth management firm is rebalancing client portfolios and scaling back small and midcap allocations to desired levels. Edited excerpts:
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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