The NSE benchmark Nifty 50 hitting the 20,000-point level for the first time ever is a significant milestone, and this is nudging some investors to change their mutual fund investment strategy.
Over the past three years, mid- and small-cap stocks have outperformed large-cap stocks by a huge margin.
"Recent equity returns have been high. One should not project these returns as normal returns for the future. A conservative estimate for future equity returns will enable investors to meet any financial contingency," said Rajeev Thakkar, Chief Investment Officer (CIO) and Director of PPFAS Asset Management Company.
