Q) Thank you for taking the time out. Mid-and smallcap funds have outperformed largecaps over the past year, but valuations appear to favour largecaps. Is this a potential turning point in market leadership?

Q) Small-cap funds attracted ₹9,039 crore, while mid-cap funds received ₹7,835 crore in September. Given the strong investor interest, are valuations in these segments justified by earnings growth?

Q) Should investors continue their SIPs in small- and mid-cap funds at current valuations, or consider redirecting incremental investments towards large-caps and diversified equity funds?

Q) You track small & midcaps very closely - how much of the future earnings growth of mid- and smallcap companies is already priced in? What would it take for these stocks to justify their current valuations?

Q) For an investor starting a fresh SIP today, should largecaps form the core of the portfolio, with mid- and smallcaps playing a complementary role?

Q) Should investors rebalance towards largecaps after years of mid- and smallcap outperformance, or could that mean exiting too early?

Q) Where could India's next generation of small- and midcap wealth creators emerge from: manufacturing, capital expenditure, financialisation, healthcare or emerging technology businesses?

Q) How important are return on capital, cash-flow generation and balance-sheet strength when evaluating small- and midcap companies? Which financial warning signs would make you avoid a stock despite its growth potential?