Even as the market soars to fresh records, midcaps have had a forgetful 2018 so far. Key midcap indices have corrected around 1-2 percent and stocks too have taken a beating in this space.
It does raise concerns on the momentum in midcaps and whether the party is now over.
Mahesh Patil, Co-Chief Investment Officer at Aditya Birla Sun Life AMC believes there could be some volatility going forward. “Last year had very little volatility, but going forward there could be slightly higher volatile moves. The margin for error is less,” Patil told CNBC-TV18 in an interview.