But both indexes are close to the record levels, making it imperative for foreign investors, who usually prefer larger companies, to be discerning.
as its top holding. The Pepsi bottler is up 41% this year, after surging an astonishing 123% last year. Pramod Gubbi, Mumbai-based founder of Marcellus Investment Managers, points to the froth in small and mid-capitalised companies, the segment most domestic retail investors get into. The small-caps indexLocal investors are now being tempted by traditional, safer savings options, as bank deposit rates have spiked since the end of 2022.
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