When it comes to volatility, there are 3 things that one needs to take into account. Magnitude of volatility, frequency of volatile movement, and third which are the sectors leading it and overall market breadth during a volatile phase. If one looks at these three things then it is very clear that while some might be feeling volatility has come in just the last two trading sessions, the fact is that markets have been volatile since the start of 2024. There is a high probability that we might see more of it in the coming weeks. So, it would be better to stay prepared for volatility. One of the ways for that would be to stay with largecaps, and especially the ones showing a streak of outperformance at a time when others have been under pressure. Another reason valuations are high in large part of the mid and small caps and they are the ones that might lose more weight if the markets stay under pressure due to profit booking. Also if there is any further development on the SEBI advisory to mutual funds, the unintended beneficiary would be largecap stocks.