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.
