Expert view, July 10 -- Sahil Kapoor, Market Strategist and Head of Products at DSP Mutual Fund, believes the recent correction has provided ample opportunities in the large-cap space to build a long-term portfolio. In an interview with Mint, Kapoor said private banks, autos, and healthcare are some themes where valuations and quality are aligned. Edited excerpts:

This is valid as a tail risk. But misplaced as a base case. The real risk is not a spike in oil for a few days, it is oil staying above $120 for long enough to hurt India's CAD, the rupee, liquidity and inflation.

That is not what the data suggests today.

Oil prices have fallen below pre-war levels, while services and remittances continue to provide a large external cushion....