The Economic Times

Rs 1 lakh crore is chasing small & midcaps, but largecaps have the valuation. Where are Indias next multibaggers hiding?

This year, over Rs 1 lakh crore has been funneled into small and midcap funds, reflecting a surge in investor enthusiasm. While smallcaps have recently taken the lead over largecaps, the latter are drawing attention due to attractive valuations. As growth expectations for largecaps are evening out, it indicates a possible shift in investment returns.