Bears have taken a firm grip over small and mid-cap stocks. Toboot,the Nifty Smallcap 100 index has plunged nearly 27% this year after a nearly four year run-up in prices saw many small-cap stocks soaring. Despite the slide, fund houses seem to be placing faith in small-cap funds again, launching new schemes or reopening older ones for fresh subscriptions. Should investors take a cue and invest in such schemes?
