The small-caps have had an excellent year so far, as evidenced by the BSE small-cap index hitting record high on Monday morning. Interestingly, while the BSE Small-cap Index has returned more than 32% in the year so far, a few stocks in the index such as Indiabulls Ventures, HEG, Graphite India and Avanti Feeds have had a dream run at the bourses. IndiaBulls Ventures Ltd shares have given a staggering 1,274% in the year so far, followed by HEG which is up by more than 750% since January. While Graphite India has given 525% in the year, Avanti Feeds is up by more than 400% in the year. According to Shankar Sharma of First Global, the rally is far from over. \u201cI made a distinction long time back that forget about largecaps and smallcap is the space where one needs to go. But, interestingly after huge outperformance, I don\u2019t think that smallcaps are in a mature bull market,\u201d Shankar Sharma told in an interview to CNBC TV18. Contrary to popular belief, Shankar Sharma says that the bull-run in small caps is still very young. Track live stock prices:\u00a0Indiabulls Ventures;\u00a0HEG;\u00a0Graphite India;\u00a0Avanti Feeds \u201cThe small-caps have just barely cleared their 2008 highs. I think 2008 high was taken out three months back. So it is not as if it is a jaded or a tired bull market. The bull market and small-caps is still very, very young. In fact, it has just kind of started because you were here in 2008, you fell all the way here, you went back to 2008 and now you have just taken out. We will talk a bubble when it is doubled from here not when it has just reached a level of 10 years back,\u201d the expert told ET Now last week. So what exactly is he buying in the small-cap space? \u201cI am very bullish on metals. And again, remember one and a half two years back, when everybody said don\u2019t touch it steel. Oil was 27? I like those situations and they usually have very huge payoffs if you get them right. I like them even now. I like the steel basket and I like steel as a commodity. I like aluminium as a commodity. I like that entire commodity space,\u201d Shankar Sharma told ET Now last week. According to Sharma, Indian small-caps are the best investment in the world. \u201cI have several times on your show said that Indian small-caps, are the single best place in the world to put your money in. I said this two, two-and-a-half years back. I continue to believe so,\u201d Shankar Sharma told the channel last week.