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Markets3h 38m ago
Vikas Khemani stated that the large-cap, heavily covered universe is efficiently priced, with essentially zero information edge.
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India
Who
Vikas Khemani of Carnelian Asset Management
What
Vikas Khemani stated that the large-cap, heavily covered universe is efficiently priced, with essentially zero information edge.
When
Tue, 16 Jun 2026 05:38:26 GMT · 3h 38m ago
Where
India ·
Why
Khemani suggests that the large-cap trade is overcrowded, with genuine opportunities existing in less-covered mid-cap and select small-cap businesses.
The Frontline Impact
How this affects you
This expert view indicates that a significant portion of the Indian stock market may offer limited returns due to high competition and efficient pricing, steering investors toward overlooked segments for better opportunities. It also highlights an underlying belief that investors are misunderstanding local (country) fundamentals.
Story chain
2 events in this thread- Currently Reading3h 38m agoVikas Khemani stated that the large-cap, heavily covered universe is efficiently priced, with essentially zero information edge.
- Markets3h 38m agoVikas Khemani states that Indian corporate earnings have compounded at a CAGR of 14-15% over the last 20-25 years, outperforming most major economies.Open article