Mid & smallcap rebound: Will it last?

Midcap funds have gained 11 per cent, while smallcap funds have risen 13.6 per cent over the past month. What has driven this recovery? Can the momentum be sustained? What are the key factors that could support or derail the rally in these categories, which are retail investors’ favourites? And what should existing and new investors do in the current environment? Business Standard’s Sanjay Kumar Singh and Karthik Jerome discuss.