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Mid-, small-cap funds continue to disappoint investors amid market meltdown

Broader market indices hit 2.5-year lows after falling over 11% in July

Mid, small cap funds continue to disappoint investors amid market meltdown
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Jash Kriplani Mumbai
Mutual fund (MF) investors — who had increased allocations to mid- and small-cap funds after the Lok Sabha election outcome in May — have been caught off-guard as the returns for these categories have taken a sharp beating in the ongoing market meltdown.

So far this month, the two categories delivered negative returns of 7-8 per cent, according to data sourced from the Association of Mutual Funds in India. On Tuesday, broader market indices — NSE Midcap 100 and NSE Smallcap 100 —ended at their lowest levels in 30 months and 32 months, respectively. Both the indices have lost more

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First Published: Jul 30 2019 | 11:44 PM IST

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