India's equity markets may be entering a phase of consolidation over a period of time after a strong rally, but opportunities for generating alpha are likely to remain in the broader market, according to Quant Mutual Fund.
While large-cap oriented indices are expected to participate in the country's long-term economic expansion, the fund house believes micro-, small- and mid-cap stocks could be better positioned to deliver excess returns during the next phase of the market cycle, the fund house said in its monthly factsheet.
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