Money managers overseeing smaller assets are proving to be more successful on Dalal Street than their peers managing large corpuses.
Select fund managers with assets under management (AUM) of less than Rs 10,000 crore have outpaced their peers with bigger assets by a wide gap in last 12 months. This happened despite feeble sentiment in the domestic equity market in the recent past amid subdued macroeconomic trends, sustained FII outflow, a falling rupee and rising crude oil prices.