Following the sharp re-rating in small- and midcap stocks, Axis Mutual Fund believes investors should revisit largecap stocks, saying their valuations have become more reasonable. "Largecaps deserve a fresh look, as they remain integral to India's long-term growth story," Axis Asset Management said in a report.
The mid and smallcaps (SMID) in India hold a significant share of the value creation accrued to businesses linked to infrastructure, industrials, manufacturing, defence, capital goods, healthcare, capital markets and consumption themes, according to a report by Axis Asset Management.
