Samvat 2074: Shankar Sharma betting big on small caps

In the run-up to Diwali, CNBC-TV18 has been getting some of the biggest voices from Dalal Street to find out what they have made of the market this year and what's lined up next Samvat.

In a special conversation with CNBC-TV18's Nimesh Shah, Shankar Sharma of First Global said that he was interested in small caps when no one was tracking them. Small caps do not need 15-20 percent earnings growth. A 3-4 percent gross domestic product (GDP) growth is good enough for a company with Rs 100-500 crore turnover to go to Rs 1,000 crore, he added.

Therefore, will not track large caps but will look at small caps, said Sharma.

Interesting thing is I do not think it is a mature bull market in small caps, he said, adding that right now it is young, vibrant bull market in small caps.