Neelesh Surana, Chief Investment Officer, Mirae Asset Investment Managers (India), prefers multi-cap funds over pure small-cap funds after the recent rally in the broader market. In an interaction with Business Today, he shared his views on the Indian equity market, sectors that are looking attractive, asset allocation and the mutual fund strategy for the next five years. Edited excerpts:
For investing Rs 10 lakh in this market, we recommend maintaining a structurally equal-weight allocation in equities from a long-term viewpoint. Investors should not be deterred by volatility and uncertainty but should follow a well-crafted asset allocation with equal weight to equities. Fresh investments can be made via SIPs in hybrid products to ensure disciplined investing.
