Despite Covid-19 crisis, mid- and small-cap funds see big gains in 2020

The majority of mid- and small-cap funds have outperformed their benchmark indices Nifty Midcap 150 and Nifty Smallcap 250 this calendar year.

Twenty-five of 46 such schemes, or 54 per cent, outperformed the benchmark indices. The average category returns of mid-cap funds stood at 20.5 per cent, against 20.4 per cent delivered by the Nifty Midcap 150. In the case of small-cap funds, the average category returns stood at 25.7 per cent, about 6.7 percentage points higher than the 19.02 per cent given by the Nifty Smallcap 250, the data from Morningstar India showed. Only direct plans were considered.

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