Rs 1 lakh crore is chasing small & midcaps, but largecaps have the valuation. Where are India’s next multibaggers hiding?

Over Rs 1 lakh crore has been funneled into small and midcap funds this year, reflecting a surge in investor enthusiasm. While smallcaps have recently taken the lead over largecaps, the latter are drawing attention due to attractive valuations, indicating a possible shift in investment returns.