The multipcap fund is designed in such a way that they don't have to categorise it as smallcap, midcap or largecep fund, said Raunak Onkar, Head-Research, PPFAS MF.
It was a tepid day for the market with the indices closing flat amidst volatility backed by global cues. The 30-share BSE Sensex was down 21.10 points at 33,756.28 and the 50-share NSE Nifty fell 3.90 points to 10,440.30.
To talk about the big midcap rally that has been building up, CNBC-TV18 spoke to Raunak Onkar, Head-Research, PPFAS MF.
Onkar said they have designed the fund in such a way that they don’t have to categorise it as smallcap, midcap or largecep fund, it is a multicap fund.
According to him, it is difficult to find value buys in midcap space, so the house generally prefers to stay away from this space because of stressed valuations but marketcap wise there are companies like Balkrishna Industries, Persistent Systems, Mphasis which may categorise as midcap stocks.