Global headwinds: Should one focus on largecaps or look at midcaps and smallcaps? Nilesh Shetty answers

Quantum Advisors' Nilesh Shetty suggests caution due to expensive Indian market valuations, particularly in small and mid-caps. Large-caps offer better risk-reward amid potential earnings disappointments. While geopolitics have limited direct impact, tariff negotiations with the US are crucial. The portfolio favors large-cap names, private sector banks, insurance, and IT services, emphasizing valuation safety.