The chief investment officer of PPFAS MF says mid- and small-caps are not yet at attractive valuation levels.His allocation to equity has gone up from 82% to 84%, and a large chunk of this is in PPFAS Mutual Fund
The Indian equity market appears to be upbeat at this moment, as short to mid-term volatility will continue to contribute to output reversal, and during this time a long-term equity investor s mutual fund portfolio should include diversified equity funds, therefore flexi cap funds are worth considering.