Don't see fortunes of mid- and small-caps changing soon, says Samir Arora

While 2019 was a good year for the Sensex and Nifty50, mid- and small-caps indices suffered. At the same time, returns from equities (main benchmark indices) have fallen from 13 per cent compound annual growth rate (2000-2009) to 9 per cent (2010-2019). Market experts believe 2020 could be the comeback year for mid- and small-caps. Samir Arora, founder and fund manager, Helios Capital, doesn’t think things will change much for these stocks. He tells Joydeep Ghosh that there needs to be a change in the mindset that classifies every defaulter a thief. Edited excerpts:  

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