Mid-caps are at a good discount to the Nifty, and their historic long-term averages, says Neelesh Surana, chief investment officer (CIO), Mirae Asset Mutual Fund. In an interview to Ashley Coutinho, he says investors can maintain an allocation of 25-30 per cent in mid-cap funds.
Edited excerpts: What is your outlook for the market for the year ahead? Short-term volatility is driven by event-based noises and is difficult to predict. The fundamental of India’s long-term structural growth drivers are intact. Also, broader market valuations are reasonable across size, quality, ...
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