Kotak Mahindra AMC's CIO Expects Moderate Returns From Mid & Smallcap Stocks Amid Valuation Concerns

Kotak Mahindra AMC's Harsha Upadhyaya anticipates moderate returns from mid and small-cap stocks due to valuation concerns. He advises investors to closely monitor quarterly earnings. For long-term investors, he foresees low-digit returns, highlighting that small and mid-cap stocks have outperformed large caps over the past two to three years, delivering over 30% CAGR. However, Harsha Upadhyaya warns against expecting these stocks to replicate such high returns. Watch this insightful excerpt from our special series, 'Market Guru.'