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Strong fundamental underpinnings to market rally: ICICI Pru AMC's S Naren

It is difficult to make a call on the near-term market outlook as quality names continue to be costly and value names languish

Puneet Wadhwa 

The markets hit record highs last week with Reliance Industries (RIL) becoming the first listed company in India to hit Rs 10 trillion in market capitalisation. S Naren, executive director and chief investment officer, ICICI Prudential Asset Management, tells Puneet Wadhwa that from a long-term view, mid- and small-caps are better placed than large-caps.

Edited excerpts: The indices hit record highs last week. What’s your message for retail investors in this backdrop? Should they still increase allocation to equities? The optimal approach for an investor currently would be ...

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First Published: Sun, December 01 2019. 22:23 IST
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