The sharp rally in midand small-cap shares in the last three years has given fund managers the opportunity to pick winners that helped boost performance of their schemes. Mid-cap and small-cap stocks have outperformed large-cap stocks by a huge margin over the last three years. As per data from Value Research, the mid-cap fund category's three-year annualised return is 34.51% against the large-cap category's 18.16%.
The BSE Midcap index is up 133% over the last 3 years, surging from 5,601 to 13,050. As economic growth was slow due to a series of global and local factors, smart fund managers took over to identifying and picking up mid-cap stocks with a bottom-up approach.
“Fund managers have done a great job in identifying mid-cap companies,“ says Kaustubh Belapurkar, director (fund research), Morningstar, India. We take a look at some fund managers who were quick to spot stocks which gave these high returns:
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price