Nobody

This is a MUST WATCH video for anyone who is a student of Economics and Markets

@pankajtibre @rattibha

Conclusion When it comes to investing—whether in mid, small, or even large caps—what truly matters is the quality of businesses, not just their size. Good companies, led by strong promoters and dynamic management teams, will continue to thrive, irrespective of their market-cap classification. Just as there will be great opportunities across small, mid, and large caps, there will also be companies best avoided across the spectrum. It ultimately comes down to smart selection. Some of today's small-cap companies have the potential to become tomorrow's mid-caps, and many mid-caps will mature into future large caps. This journey of growth is what makes this segment so exciting—but it requires patience and discernment. We believe that volatility is an inherent feature of mid- and small cap investing, not a flaw. While mid- and small-cap stocks have corrected by around 20–25% recently, this is not a reason to lose heart for those with a long-term mindset. In our view, mid- and small-cap investments are best suited for investors who can commit for 5 to 10 years and are mentally prepared to endure interim fluctuations. Importantly, professional fund management plays a crucial role here by focusing on high-quality businesses with robust fundamentals, strong governance, and resilient cash flows. It’s also important to recognize the breadth of the small-cap universe: out of 4,600 listed small-cap companies, around 3,500 see some trading activity daily. Yet mutual funds typically invest in a focused universe of just about 600-650 companies across categories. This highlights the importance of selectivity, which can be extremely challenging for an individual investor. Given these nuances, mid- and small-cap investing is not meant for everyone. These investments are best suited for those who have lived through market cycles, experienced corrections firsthand, and yet stayed the course. Over longer time frames, the annualized returns of mid-small cap funds have consistently ranked among the best, rewarding investors who stayed invested through volatility. Therefore, we firmly believe that mid- and small caps should continue to be an integral part of a well-diversified asset allocation. There are cycles which would play its role. We do not subscribe to the sweeping narrative of "sell everything and move to large caps."

Common narrative - Sell Mid/Small and move to Large Caps? In our latest quarterly newsletter, we addressed in detail the widely discussed narrative: "𝗦𝗵𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝘀𝗲𝗹𝗹 𝗺𝗶𝗱- 𝗮𝗻𝗱 𝘀𝗺𝗮𝗹𝗹-𝗰𝗮𝗽𝘀 𝗮𝗻𝗱 𝗺𝗼𝘃𝗲 𝗲𝗻𝘁𝗶𝗿𝗲𝗹𝘆 𝘁𝗼 𝗹𝗮𝗿𝗴𝗲-𝗰𝗮𝗽𝘀?" In case you missed it, we wanted to highlight a few important observations that we believe are worth your attention: 𝗖𝗼𝗺𝗺𝗼𝗻 𝗻𝗮𝗿𝗿𝗮𝘁𝗶𝘃𝗲 – 𝘀𝗵𝗼𝘂𝗹𝗱 𝘄𝗲 𝘀𝗲𝗹𝗹 𝗠𝗶𝗱/𝗦𝗺𝗮𝗹𝗹 𝗮𝗻𝗱 𝗺𝗼𝘃𝗲 𝘁𝗼 𝗟𝗮𝗿𝗴𝗲 𝗖𝗮𝗽𝘀? A common narrative in today's market is that large caps offer better value compared to mid and small caps—and we acknowledge that on headline valuations, that does hold true. As of now: • 𝗡𝗶𝗳𝘁𝘆 𝟱𝟬 𝘁𝗿𝗮𝗱𝗲𝘀 𝗮𝘁 𝟮𝟬𝘅 𝟭-𝘆𝗲𝗮𝗿 𝗳𝗼𝗿𝘄𝗮𝗿𝗱 𝗣𝗘, 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝗱 𝘁𝗼 𝟮𝟯𝘅 𝗳𝗼𝗿 𝗡𝗶𝗳𝘁𝘆 𝗠𝗶𝗱𝗰𝗮𝗽 𝟭𝟱𝟬 𝗮𝗻𝗱 𝟮𝟮𝘅 𝗳𝗼𝗿 𝗡𝗶𝗳𝘁𝘆 𝗦𝗺𝗮𝗹𝗹𝗖𝗮𝗽 𝟮𝟱𝟬 • 𝗧𝗵𝗲 𝗽𝗿𝗲𝗺𝗶𝘂𝗺 𝘁𝗼 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻𝘀 𝗶𝘀 𝟭𝟱% 𝗳𝗼𝗿 𝗹𝗮𝗿𝗴𝗲 𝗰𝗮𝗽𝘀, 𝘃𝗲𝗿𝘀𝘂𝘀 𝟮4% 𝗳𝗼𝗿 𝗺𝗶𝗱𝗰𝗮𝗽𝘀. At first glance, these numbers make a compelling case for relatively inexpensive large caps. However, headline valuations can often be misleading. In the next section, we take a closer look at what’s driving these averages—and why a deeper lens is essential when making allocation decisions. There are certain fundamental changes in the Mid/Small Cap space worth highlighting…

@pankajtibre @threadreaderapp unroll

@ICICIBank_Care Only @ICICIBank_Care has replied. @RazorpayCare has not even replied

@KamathSujay Hi, we are here to assist you. Our official will get in touch with you at the earliest to help resolve your concern. Regards, Team ICICI Bank

@Razorpay my transaction to my NPS via Razor Pay gateway failed but the money has been deducted from my account @ICICIBank_Care) Pls help

@KirtanShahCFP Where does the RBI get the Rupee from ?

(2) 87,000 cr of USD / INR swap for 3 years - The bank will sell $ to the RBI & simultaneously agree to buy the same amount of $'s at the end of 3 years - So RBI receives $ & Banks receive Rupees - This increases Rupee liquidity with the bank & at the same time increases $ reserves with the RBI, solving both problems Hopefully the market will look at this positively (4/4)

RBI is getting very active & making sure it is supporting the market much faster than it has in the past RBI announced 2 things, - 1,00,000 cr of OMO - 87,000 cr of USD/INR Swap Let me explain what it means in this 🧵 (1/4)

Almost 1 in 2 companies now have a trailing earnings yield of <2% (PE >50x)! From demonetisation time, the percent of companies trading at >50PE has moved from 10% to almost 50% now. Universe is any company that has been part of Top 500 since 2001. (Source: ABSL AMC)

@abhymurarka @threadreaderapp unroll

10/n On why Geopolitical risks are not real risks. In the past, when there has been a geopolitical risk escalation, Crude Oil spikes in short term, but falls down to starting level in few months. Hence it's an overhyped risk.

@abhymurarka @rattibha

@ashwinmahesh Where did you read this ?

Central government's lawyer tells SC that people do not have the right to know the source of political parties' funds under RTI Act. Regardless of the legal position, if a party thinks voters should be kept ignorant, it may be best not to have such a party in government.

🚫 Customer’s claim denied 😭 🚫 Policy terminated despite being fully honest 😡 An enraged customer turned to Insurance Ombudsman. Here’s what happened next 👇🧵 #ClaimStories

@amangoeliitb In Budget 2023, the govt set a ceiling of Rs 10 crore for LTCG tax deduction for reinvestment in residential properties under Sections 54 and 54F of the Income Tax Act. The same limit has been set for the CG Account Scheme. Earlier, there was no maximum limit set on the account.

I cannot stress this enough: The escalating risk from the global destruction in collateral value of fixed-income securities in a highly levered economy is profoundly concerning. The very individuals who previously dismissed the lagging impact of falling bond prices within the banking system are now claiming that worries about a recession are widespread.

@arabicatrader Happy Journey

Ready for Dubai Mumbai airport

May changing your surroundings would do the trick

👇

@sahil_vi Which stocks will you buy ?

Nifty smallcap 100 From 34 times earnings in jan-22 we're now at 16 times earnings in feb-23

@WeekendInvestng @SahilKapoor What abt this ?

@SahilKapoor numbers speak for themselves!

In the last 10 years India has constructed more Highway length than constructed since independence and in next 5 years will make it 1.5x. Be ready to hear the concept of a 'daily drive' and a luxury car from the Urban rich, sooner than later.

Am so sorry to hear about your loss

@Ravisutanjani What time frame ?

Find me a better financial regulator than RBI in the world?

@Ravisutanjani Investindia is NOT A GOVT website. It’s a Investment Advisory Broker. Check it’s Email address. Any govt website ends in Nic.in

You’ll be amazed by the developments of NPCI+India Stack combined for the growth of 🇮🇳 •NPCI- npci.org.in •India Stack- indiastack.org •Digital India- digitalindia.gov.in •Startup India- startupindia.gov.in •Invest India- investindia.gov.in

5 Government websites that are goldmines for Startups & FinTech Enthusiasts • NPCI • India Stack • Digital India • Startup India • Invest India