If the Nifty50 returns of 25 per cent were impressive, the broader market performance was nothing short of stunning in Samvat 2080.
Both the Nifty Midcap 100 and Smallcap 100 indices clocked returns of around 38 per cent each, outperforming the Nifty by almost 13 percentage points. They outshone the index by a wide margin in three out of the last four Samvat years.
Given their sharp outperformance, experts are advising investors to proceed with caution.
Strong domestic liquidity, underpinned by strong flows into small and midcaps mutual fund schemes, buoyed the broader market during Samvat 2080.
Between November 2023 and September 2024, smallcap and midcap funds recorded net inflows of nearly ₹53,000 crore. They accounted for 17 per cent of the ₹3 trillion net inflows into active equity schemes during this 11-month period.
This story is from the November 01, 2024 edition of Business Standard.
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This story is from the November 01, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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