Are Small & Mid Caps Too Expensive? Aditya Khemani Explains скачать в хорошем качестве

Are Small & Mid Caps Too Expensive? Aditya Khemani Explains

#smallcapinvesting #investing #indianstockmarket Are small & mid caps in India really too expensive, or is the fear bigger than the risk? In this in-depth conversation, Invesco MF’s Aditya Khemani breaks down small & mid-cap investing, valuations, liquidity, and why investors must temper return expectations to low-teens over the long term. With nearly two decades in equities and responsibility for Invesco’s Large & Mid Cap, Mid Cap and Smallcap strategies, Aditya explains: Why earnings risk never goes away – and how your time horizon changes everything How to think about valuations when the market looks 20–25% expensive When it’s okay to pay a 15–20% premium for quality and when 50–100% is dangerous His bottom-up stock-picking framework: growth, ROCE, cash flows, promoters & industry tailwinds Why Invesco runs higher mid/small-cap exposure but still focuses on business-model risk, not size How they handle small-cap liquidity, position sizing and research before buying Why investors should expect 10–11% from large caps and 13–15% from mid/small caps over time – not 20% every year ‪@InvescoMutualFund‬ Timestamps: 00:00 - Intro 00:39 - Can earnings growth sustain elevated small- and mid-cap valuations? 01:46 - What’s Aditya Khemani’s outlook on Indian markets amid global shifts? 03:35 - Do small- and mid-cap earnings justify current valuations? 07:09 - How does Aditya Khemani view mid-caps trading at historic premiums? 08:55 - What’s Aditya Khemani’s stock-picking framework for high-quality Businesses? 13:14 - What worked for Invesco’s Large & Mid-Cap Fund? 17:00 - What’s driving Aditya Khemani’s higher mid-cap exposure despite attractive large-cap valuations? 22:15 - What changes drove the turnaround of Invesco’s Midcap Fund? 27:43 - What are the factors behind Invesco’s small-cap fund recovery? 28:57 - Can investors expect Invesco’s small-cap outperformance in 2024 to sustain? 30:12 - How does Aditya Khemani manage scalability and exits in small-caps where liquidity is limited? 32:51 - What’s behind the tilt towards bigger small-caps? 34:11 - Is the small-cap fund truly buy-and-hold, or does it include opportunistic bets? 37:04 - Should investors temper return expectations after the sharp rally in small- and mid-caps? 39:21 - Closing ✨ 𝗝𝗼𝗶𝗻 𝗩𝗮𝗹𝘂𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 ✨    / @valueresearchvideo   👉Subscribe to our हिंदी YouTube channel, Value Research Hindi -   / @valueresearchhindi   👉Subscribe to our newsletter 📃: https://bit.ly/3GW0HGe 📩 👉Subscribe to our YouTube channel:    / @valueresearchvideo   🔔 👉Subscribe to our monthly magazines 🔖: https://bit.ly/3DWgAdS Do you have an investment-related question? ➡️Post it on our 'Ask Value Research' page -- https://vro.in/askvr. You can use our Premium service https://vro.in/prem/ for exclusive analysis, guidance, and customised recommendations. If you are a beginner wondering how to invest in stocks or an experienced investor looking for a new source of investment ideas, visit Value Research Stock Advisor at https://www.valueresearchstocks.com/. It has everything you need to know about stocks. 🌐 𝗙𝗼𝗹𝗹𝗼𝘄 𝗨𝘀 𝗢𝗻 𝗢𝘁𝗵𝗲𝗿 𝘀𝗼𝗰𝗶𝗮𝗹 𝗠𝗲𝗱𝗶𝗮 📢: ➤ Website: https://www.valueresearchonline.com ➤ X: https://x.com/ValueResearch ➤ Facebook:   / valueresearch   ➤ Instagram:   / valueresearch   ➤ Spotify: https://open.spotify.com/show/5da8Mxc... #investing #indianstockmarketnews #smallcapinvesting #MidCapInvesting #mutualfundsindia #AdityaKhemani #InvescoMutualFund #valueresearch #personalfinance #wealthcreation