Vikas Gupta, CEO & Strategist at OmniScience Capital, said the continued outflows from large-cap funds are disappointing, particularly because he believes the segment is the most fairly valued part of the market, with several undervalued securities, especially in the banking sector.
“Within large caps, what is probably not worth investing in is the oil & gas sector, given the long-term secular decline from EV adoption and the near-term increase in global crude oil prices,” he mentioned.