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Bull market intact; reallocate some money from smallcaps to largecaps: Pankaj Murarka
Investors should reallocate money from smallcaps to largecaps to reduce portfolio risk, even though the Indian equity bull market is still intact, says Pankaj Murarka, the founder of Renaissance Investment. Murarka believes despite valuations being at an all-time high, corporate profits are also at a record high and in sectors such as defence and railways, there are solid underlying growth tailwinds.