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News From Press When midcaps burnt, desi fund managers plucked these stocks in hordes

When midcaps burnt, desi fund managers plucked these stocks in hordes

Source: The Economic Times Jul 12, 2018

June quarter shareholding patterns are out for nearly 1,000 listed companies and a few of them, mostly midcaps and smallcaps, show heavy buying by mutual funds in what was a poor quarter for these second-rung stocks.

While top market analysts kept advising investors to stay away from midcaps and look at the largecaps instead due to better risk-reward tradeoff, domestic mutual funds appeared to have done the exact opposite and put much of the retail money in these second-rung scrips.

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