they generally do better than the large caps In the last 20 years, typically, the mid and the small caps,
would have given a CAGR return of 2 to 3% higher But at the same time, these stocks will have higher volatility which means that when they fall,
they could fall more For an investor, it's better to have a good balance in terms of the large, mid, and the small caps In the last two years or so
the mid, and small caps have especially done phenomenally well The valuations are basically on the higher side
So, from a near-term perspective, we are a bit cautious on the mid, and the small caps And that is why you would see in our diversified strategies,
whether it is the focused fund or the flexi cap fund, we have the weightage which is higher towards the large caps So, in the shorter term, we are a bit cautious But as I said, in the longer term, primarily you are coming to the market to participate in the growth As the growth will be higher in the mid in the small cap, it makes sense to participate in that as well