A raging bull market which is not yet a bubble & tiger-bird strategy
“Over a period of time, as largecaps take off, midcaps will come back sometime later because the FY25 earnings shows a great premium in terms of earning growth over the Nifty. It will take a pause now. The quality of midcaps in the institutional portfolio is not too bad. Most of the bubble seems to be in PMS and retail and that is huge.”