In the last three months of strong gains in markets, it is the stocks in the broader market that are partying hard as is visible in their performances. This also reflects in the traction that mutual funds have seen in their midcap and smallcap funds.
Among the top 25 schemes by assets under management (AUM), seven reported the highest increase in AUM on a month-on-month (MoM) basis in May, all belong to the midcap and smallcap categories.
