“If there are 3,000 companies, only 100-150 are largecaps. Rest all are mid and smallcaps. When the return from the category is 20-25%, then you need to be more careful because valuations are high in that segment and cheaper in largecaps . The Indian largecap is globally a midcap and jitne aap midcap bolte hai they are microcap, (those that you call midcaps are microcaps) they are flies.”
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