N Jayakumar’s portfolio won’t be mirroring the Nifty and there has to be stock selection. “Given the amount of coverage in the market, maybe a year, year-and-a-half down the line, we have to see if FIIs’ tactical play on moving from Indian markets to China, gets reversed.” Jayakumar also cautions against extrapolating the exaggerated move seen in April in midcaps and smallcaps.
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