The recent correction in small- and mid-caps has caught many on Dalal Street off guard. The market participants, who have been worst hit, are portfolio management services funds which have heavily banked on illiquid small-cap shares to deliver returns superior to the index. With the tide turning, many of them are stuck with duds.
Porinju Veliyath, founder of Kochibased Equity Intelligence, who rose to fame in the recent bull run aided by his bold and aggressive bets in the small-cap spa ..
