Are there more legs to the rally in PSUs or is this space getting frothy? Rajeev Mantri explains

economictimes.indiatimes.com:

Rajeev Mantri, MD, Navam Capital, says “talking about the whole public sector enterprise, what could be a trigger after elections for this area is the implementation of the privatisation policy. So, for the first time, we have had a notified privatisation policy issued by the Government of India and the government has stated that it will completely exit certain sectors.”

Let’s discuss the latest thing that is spooking the market. It is the latest regulator action or at least the nudge coming in for the broader markets, maybe in terms of regulating the inflows, maybe in terms of regulating the redemption, as well as the disclosures. What do you make of it?
Rajeev Mantri: I think we should wait and watch what shape and form this regulatory action or regulatory suggestion takes. But having said that, I mean, there was no question that there is some frothiness in some pockets of the smallcap and midcap segments and a lot of commentators and observers and market participants have been advising caution for the last few months.

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And is it your stance as well in terms of your portfolio allocation? Are you churning it a bit, booking profits out of midcap and smallcap and putting it in largecaps?
Rajeev Mantri: No, I would not like to comment on anything that we have been doing