Nilesh Shah is the Managing Director of Kotak Mahindra AMC. He believes from a fundamental point of view, most large caps and many small and mid caps are now around their fair value. While betting on sectors, he believes the promoter has more share in value creation than the sector. Do you expect promoters to start buying their stocks from the market in the coming couple of months? The promoters will likely evaluate the options of increasing their stake in their companies at this valuation, he says. The excess fear-mongering in recent time is expected to have some impact, says Shah. He also believes the Q4FY25 growth should be between 6.5% and 7%. What is important is the trend, not just a quarterly number, says the Kotak boss. He says the February SIP numbers will be much better despite the recent market correction. They are not likely to be better, but they will align with the broad trend with some minor corrections, he adds.