Should you raise allocation in midcaps and smallcaps? This is what Devina Mehra has to say
“It is not as if we do not invest in small and midcaps. We have capped that investment at a certain level, particularly in smallcaps because in smallcaps, the risk is when things go out suddenly, the liquidity disappears. We do not want to take those kinds of chances. That is why we will never be 40% smallcaps or something like that.”
