Markets have given good returns after every correction, says Harsha Upadhyaya

Small and mid cap mutual fund schemes have taken a hit in the last one year. Both the categories have offered negative returns during the period - small cap mutual fund categories have offered -9.20 per cent and the mid cap category gave -4.62 per cent returns in the last one year. However, mutual fund managers and advisors believe that both these categories are poised to take off now; they point to the historical data to back their claim. Harsha Upadhyaya, head- equity, Kotak Mutual Fund, also said historical data surely shows that a sharp correction is always followed by a smart recovery. 

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