Portfolio Reset: Should Investors Shift To Large Caps, Midcaps Or Gold? Expert Explains

Should investors shift their portfolios towards large caps after the mid and small-cap rally? Feroze Azeez, Joint CEO, Anand Rathi Wealth, recommends a 50:25:25 allocation across large, mid and small caps, highlighting the need to reduce excessive exposure to smaller companies. He also advises using mutual funds to target 14–16% returns over a three-to-five-year investment horizon. On gold versus equity, he cautions against replacing equities with gold for returns, citing historical data that shows a limited probability of gold delivering over 12% across rolling 10-year periods. He also shares his outlook on gold, silver and portfolio diversification.