Calendar 2018 hit smallcap investors the hardest, as nearly 85 per cent of stocks from the BSE Smallcap index eroded wealth on a year-to-date basis.
Incidentally, the index is on course to register its first loss in five years; it’s down 23 per cent at 14,781 as of December 20 against 19,280 on January 1.
Besides broader market worries like a spike in crude oil prices, global trade war, the liquidity crisis and political worries back home, a Sebi reclassification of mutual f ..