Many quality mid and smallcaps have also come down in the last 12 months. They are not trading at frothy valuations any longer, says Sachin Shah, Fund Manager, Emkay Investment Managers

It is a secular growth story for number two, three & four banks in India.

We are very enthused by the promise the investment management sector is pointing towards. At the very least, this is an inflection point which will lead to a tangential growth of the industry in the…