Midcap correction is profit booking, not a structural shift to largecaps: Edelweiss MF

Dhruv Bhatia, Fund Manager-Equity at Edelweiss Mutual Fund, says the recent selloff in mid- and small-cap stocks is largely a phase of profit booking rather than a structural change in market leadership. He remains constructive on select mid-caps, private banks, autos and healthcare, while saying crude oil prices remain the biggest risk for markets.