In clear signs that money managers are finding it tough to pick smallcap stocks in the ongoing bull market, a break-up of the holding of smallcap funds shows a big spike in cash and largecaps to the tune of about Rs 28,000 crore.
At the end of October-month, largecap holding in smallcap schemes rose to Rs 12,470 crore, which is 6.3% of total assets under management (AUM) in the category.
