Stocks crossing 200-DMA are expected to attract more buying momentum with prices seen rallying further
Twenty-five of 46 such schemes, or 54 per cent, outperformed the benchmark indices
Since March 23 market lows, small-cap funds have given nearly 52% returns
Many brokerages and fund houses were expecting a more broad-based rally this year, after acute polarisation in the markets over the past two years
For SBI Small Cap Fund and DSP Small Cap Fund, lump sum investments remain suspended
Another positive of small-cap stocks is that they have a high correlation with the economic growth cycle
As economic growth bottoms out, liquidity stays benign, corporate earnings pick up and risk aversion diminishes, we expect the valuation discount of mid-caps to narrow vis a vis large-caps in CY20
Within the markets segments, they do not forecast a major underperformance by the mid-caps in 2020 given the valuation comfort
At the other end of the spectrum, Essel Group topped the list of losers, followed by Vedanta and Munjal (Hero) group
Stick to high-valuation blue chips or switch to low-valuation big stocks, or small caps?
While the Sensex has lost a marginal 0.3 per cent since the beginning of this fiscal, Nifty has slipped 1.1 per cent during this period
Always keep in mind that it can rise or fall by 20-40 per cent in a given year
The S&P BSE Sensex and the Nifty 50 have slipped around 5 per cent and 6 per cent, respectively, since then
Going ahead, analysts expect the markets to correct further from the current levels, which they say will be a good time to buy small-caps, albeit selectively
Historical data shows that small-caps have witnessed sharp rallies after seeing such large corrections