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50% returns in 11 months with microcaps
In an interaction with Business Today, Vineet Arora, Managing Director, NAV Capital said the fund intends to deploy Rs 500 crore in the Indian SME space over the next one year.
180% returns followed by 40% downside in microcaps
One always needs to be cautious and be prepared for 5-10 per cent pull-backs and if you are an investor in SME/small microcaps, please be prepared for 30-40 per cent drawdowns, says NAV Capital's Vineet Arora.
Bullish on India: microcaps outlook
Further, the Reserve Bank of India has done a phenomenal job by being ahead of the curve in increasing and then pausing rates. As global interest rates take a breather, FPI flows have also reversed in recent months and we have seen good inflows. We remain bullish on small and microcaps and on the broader market whilst watching the trends closely.