After a strong rally in the small-cap segment this past year, some mutual fund asset management companies are now suggesting that the time is ripe to relocate assets to large-cap or mid-cap stocks. In the calendar year 2023 till today, Nifty small caps have delivered a 40 per cent year-on-year growth, surpassing Nifty Midcap (38 per cent) and Nifty 50 (12 per cent), as per data provided by ICICI Securities. According to data from the Association of Mutual Funds in India (AMFI), as of December 6, 2023, the average one-year returns for 23 small-cap funds stood at 32.68 per cent.
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