Talking to ET Now Krishna Kumar Karwa , MD & CFO, Emkay Global , says he is not a great fan of evaluating investment from midcap, large cap prospective.Edited excerpts:Investing is all about bottoms up investing and looking at the valuations and the risk reward at that point of time. True, the midcaps and small caps have higher risk profile and maybe relatively weaker balance sheets. Many of them on a bottoms up basis may not offer you the valuations comfort or the valuations support. I would say that it is best to go for bottoms-up investing based on risk profile than trying to judge from small cap, midcap or large-cap prospective.The investable number of stocks available in the small and midcap are possibly getting restricted or limited. So the floating stock is becoming very important issue as many of these IPO valuations are concerned post listing.

Source: Economic Times September 19, 2017 06:00 UTC