The corpus of many equity funds has ballooned sharply amid galloping share prices and continuous inflows. Three years ago, only two equity diversified funds boasted assets of more than Rs 10,000 crore. Now, there are 11 such funds. This rapid surge in funds’ assets under management has induced many fund managers to tweak their portfolios. The impact has been particularly felt in the mid- and small-cap oriented schemes. In many cases, rising corpuses has led to bigger portfolios for these schemes.
Mid-cap Indian IT companies expected to outperform large-cap firms in FY25
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