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ETMarkets Smart Talk: There could be some populist measures in Budget 2024; allocate 70-75% in largecaps in 2024: Varun Saboo
Varun Saboo of Anand Rathi Shares and Stock Brokers, recommends allocating 70-75% of the portfolio to largecaps, with the remaining in small caps and only high conviction in mid-caps. He believes that valuations are high for midcaps but opportunities are available in large caps and small caps. He expects the upcoming Budget 2024 to focus on infra, power, and may include populist measures benefiting consumer stocks. Sectors like defence, power, and discretionary spends are likely to be in focus.
