New Delhi, Nov. 20 -- Smallcaps may have faced bouts of volatility in recent weeks, but the long-term structural story remains firmly intact, says Viraj Gandhi, CEO, SAMCO Mutual Fund, in an exclusive conversation with Pranati Deva from LiveMint.

Even as SEBI tightens oversight and market sentiment turns cautious, Gandhi believes the reset in valuations has created a healthier environment for long-term investors. With the launch of SAMCO's new small-cap fund - positioned as India's first momentum-based small-capstrategy - he outlines why momentum remains a powerful alpha generator. Edited Excerpts:

Despite recent volatility, sentiment in the Indian small-cap space remains constructive because investors continue to view small-caps as lon...