Smallcaps have surged 2.3x since April 2023. Why Vikas Khemani still sees India’s next multibaggers here

Smallcaps have surged 2.3 times since April 2023, but Carnelian Capital founder Vikas Khemani believes the segment still offers India’s next multibaggers. He cites stronger earnings growth, greater domestic exposure, and a wider pool of high-growth businesses.