'No redemptions in our small, midcap schemes'

Despite the current stock market correction, Rahul Agarwal, vice-president - Equities at Bandhan AMC, believes investors have shown maturity by largely sticking with equity investing as a long-term wealth creation strategy. In an email interview with Nikita Vashisht, Agarwal shares his insights into how he has navigated the current market scenario. Edited excerpts:

- Rahul Agarwal

How have you navigated the recent market correction?

Post the Union elections last year, we made a pivot in the fund by increasing the High Growth and Quality basket while reducing the Thematic and Value basket. Our focus in the current correction has been to reduce smallcaps and remain at the regulatory limit on midcaps. Within smallcaps, we have concentrated more on non-cyclical companies. We have also increased our exposure towards midcap financials.