Why DSP Mutual Fund's Sahil Kapoor now sees a contrarian call on equities

After a sharp market correction amid the US-Israel-Iran war, DSP Mutual Fund has shifted to a bullish stance, citing extreme valuations and contrarian signals. Sahil Kapoor, Head of Products and Market Strategy at DSP Mutual Fund, notes that while geopolitical tensions have driven down prices and increased oil volatility, the resulting market sentiment has reached levels often associated with market bottoms. The firm is specifically looking at small and midcap stocks where valuations have become more attractive following the sell-off.