'Small caps not so small anymore', Raamdeo Agrawal on what good investors should focus on

What's the secret to being a smart investor? "Forget the market cap obsession," says Raamdeo Agrawal, the visionary behind Motilal Oswal Financial Services. In a candid chat with CNBC-TV18, Agrawal paints a picture of the evolving investment landscape, where 'small caps aren't so small anymore'.

"The biggest small (cap) is about ₹18,000-20,000 crore and the smallest mid is ₹18,000-20,000 crore. So you have now enough size so let us not discuss this SEBI classification for investing.”

The market, Agrawal muses, is a bull run in full swing where the right idea trumps categories like midcap, smallcap, or large-cap. It's all about snagging the right investment idea at a fair price. Whether it's a big bank at an attractive price to earnings growth (PEG) or a smaller bank with even more allure, the art lies in the pick, not the size.