Balamurugan Shanmugam is the Chief Investment Officer of Aviva India. With the recent correction in the market, \”we are around the long-term average for valuations on the large cap while the midcaps still trade at a premium,\” he says. He looks for opportunities in themes like discretionary consumption that offers reasonable visibility of demand, and sectors of government priority like power and allied sectors. The views of the investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions before making any decisions. For confidential support call the Samaritans on 08457 90 90 90, visit a local Samaritans branch or see www.samaritans.org for details. In the U.S. call the National Suicide Prevention Line on 1-800-273-8255 or visit http://www.suicidepreventionlifeline.org/. For confidential help in the UK, call 08457 909090.