Using current rally to shift more into largecaps and to fully deploy new cash: Jigar Mistry

economictimes.indiatimes.com:

Jigar Mistry, Co-founder, Buoyant Capital, says “if you look at the ownership spectrum of largecap versus smallcaps and look at the free float as an additional variable into this, very interesting data is shaping up. There are a few graphics running there but if you look at the free float ownership in the largecaps, FIIs are the predominant investors with almost 42% of the ownership in free float largecaps. But if you look at smallcaps, retail ends up owning 49%.”
On Friday, largecaps were pretty quiet but that had been the story for the last few weeks. How are you analysing the construct of the market right now?
See, it is an interesting time because if you look at India from a slightly longer term perspective, it looks like it is not just the fundamentals that are reasonably good but we will eventually end up attracting a lot of flows as well.

A lot of investors are now taking that to mean that because the long term is great, the run-up to the long term still needs to be great and a vast section of the retail investors in India have started after Covid and they sadly have not really seen any down cycle so far.
So, the way in which we are approaching this is that if you look at the ownership spectrum of largecap versus smallcaps and look at the free float as an additional variable into this, very interesting data is shaping up.

There are a few graphics running there but if you look at the free float ownership in the largecaps, FIIs are the predominant investors with almost 42% of the ownership in free float largecaps. But if you look at smallcaps, retail ends up owning 49%.