Cash calls don't add value if you're bullish for long-term: Anup Maheshwari

'Given the small caps' underperformance vis-a-vis large caps last year, they are at a slightly better position valuation wise'

Small caps underperformed large caps last year hence they are a bit more attractive this time. But investors should prefer flexi cap schemes as they give complete control in the hands of fund managers to shift investments across market caps based on the market situation, says Anup Maheshwari, Co-Founder & CIO, IIFL Asset Management in an interview with Abhishek Kumar. Edited excerpts:

Q4 earnings have started to come in. What initial trend are you seeing?

There is no particular trend as such. The cyclicality in earnings of certain businesses makes it difficult to gauge the overall direction. Information Technology (IT),