Newsletter

We had a great beginning for the year 2019 in terms of investment opportunities wherein small cap index valuation were supressed and were making new lows in February 2019. The Nifty Small Cap 100 Index was down -35% by February 2019 end from its all-time high in mid Jan 2018 (a year back), while the Nifty 50 Index was still up by +2.5% in the same period. Accordingly the divergence between the Nifty 50 Index and Nifty Small Cap 100 Index had increased significantly and I expect that the said divergence shall normalize this year itself.

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