One shouldn’t get carried away with smallcaps; I did so in 2018 and paid a heavy price: Porinju Veliyath
“In 2018, I got carried away and I have paid a heavy price for that and the investors who invested with us in 2017 at the peak of that small-midcap strategy are yet to recover fully. So people may make mistakes on the valuations and growth front. It is a very tricky thing that is why equity is such a dynamic investment avenue.”