Ved Prakash Chaturvedi, MD, Tata Mutual Fund feels that out performance in the midcap sector will continue over the medium term.
Chaturved told CNBC-TV18, "I have been a long term bull on Indian midcaps. The story in India is carefully selected midcaps. One has to be careful, you can go terribly wrong and lose a lot of money but the long term story of India will be midcaps. My sense is that the out performance in the midcap sector will continue over the medium term. Since there has been such a sharp run up my gut feel is that there is very short and swift correction in the market, which will at some point of time happen but generally the mood will be good cheer. When we look back over the next 12 months on this period, midcaps would have out performed.”
Chaturved told CNBC-TV18, "I have been a long term bull on Indian midcaps. The story in India is carefully selected midcaps. One has to be careful, you can go terribly wrong and lose a lot of money but the long term story of India will be midcaps. My sense is that the out performance in the midcap sector will continue over the medium term. Since there has been such a sharp run up my gut feel is that there is very short and swift correction in the market, which will at some point of time happen but generally the mood will be good cheer. When we look back over the next 12 months on this period, midcaps would have out performed.”
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