Wherever there is overvaluation, you will continue to see a nervousness and clearly the broader end of the market is still quite expensive compared to largecaps or compared to even their own historical average valuations.
9 smallcaps held by 10+ MF schemes turned multibaggers in FY25
Indian equities have been highly volatile, with Sensex dropping nearly 10,000 points from its peak. Yet, in FY25, Sensex gained 2.5%, and BSE Smallcap rose