Mid cap and small cap stocks witnessed one of their strongest rallies in recent times over the past one year, but several mutual funds that bet on these shares were unable to make the most of the surge. Most mid cap and small cap schemes underperformed their benchmarks in this period as fund managers stayed away from shares of public sector companies, which were among the top gainers in the market so far in 2023.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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