Gold, global equities, largecaps, midcaps and smallcaps: Samco CEO Jimet Modi’s five-way portfolio formula

Samco CEO Jimet Modi is urging investors to avoid concentrated portfolios and distribute exposure across five areas: gold, global equities, large-cap stocks, mid-cap stocks and small-cap stocks.

A broader approach to portfolio construction

The framework brings together different parts of the investment landscape instead of placing the portfolio’s focus on one market segment. It combines an allocation to gold with exposure to global equities and three Indian equity categories defined by company size.

Modi’s message is particularly focused on investor behaviour around smallcaps. He has cautioned against rushing into the segment, making restraint a central part of the approach. The proposed structure therefore pairs small-cap exposure with largecaps, midcaps, gold and global equities rather than treating smaller companies as the sole opportunity.

Why the message matters now

The advice comes as the market goes through what Modi describes as a prolonged time correction. In that setting, his emphasis is on spreading risk across asset classes and equity segments instead of relying on a concentrated position.

The approach does not suggest that investors should abandon smallcaps. Instead, it places them within a wider five-part portfolio framework. The central message is diversification: investors should resist the rush into one area and consider exposure across gold, overseas equities and companies of different market capitalisations.

Key message for investors

Modi’s formula is built around balance rather than concentration. With no allocation proportions provided, the defining principle is to distribute risk across the five listed areas while remaining cautious about an aggressive move into smallcaps.