Midcap and smallcap mutual fund schemes are offering negative returns in the short-term. The midcap and smallcap categories that returned around 30-40 per cent in the past one year are offering negative returns of -5.85 per cent (smallcap) and -5.41 per cent (midcap) in one week. The returns are in the negative territory even for a month? Has the correction finally hit the mid and smallcap category after a long rally?
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