yes mfs are much the best for the large and bigger midcaps…I think fund managers underatand these shares better than us.
I think 2024 even after election results markets will be largely in a band. I dont think we are going to break the highs personally…There are such high valuations particularly in the utility PSU space ,autos etc and also huge uncertainties with IT etc because of the threat of AI and cut back on spending from usa.
Maybe there will be an opportunity in metals and mining …and also in pharmaceuticals as a defensive thing but pharma in india has such high valuations as well.
as you rightly say the opportunity is in smallcaps because some of these are still going to do 5x 10x over time…but one has to be super selecctive.
i still believe India is the most opportunistic market in the world but over a long period
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