New Delhi, June 28 -- Valuations in the small-cap segment are not uniform, with some stocks appearing expensive while others continue to offer attractive entry points, says Varun Goel, Senior Fund Manager at Mirae Asset Investment Managers (India). In an interview with Livemint, Goel shares his outlook on the Indian stock market against the backdrop of global geopolitical uncertainty and explains why he remains optimistic about a growth rebound in FY26.

He also offers insights into the sustained investor interest in small-cap funds, sectoral preferences, and why Mirae prefers staying fully invested rather than sitting on cash during volatile times. Edited excerpts:

FY26 should be the year for growth rebound for India. We expect that sig...