Mutual funds seem to be defying caution from analysts on midcap and smallcap valuations and raising their stakes.
Around 70 percent of stocks in Nifty MidCap 100 and Nifty SmallCap 100 indices recorded a sequential rise in mutual fund stakes in the December 2023 quarter, according to Ace Equities data.
In 2023, Nifty MidCap100 and Nifty SmallCap100 indices surged over 46 percent and 55.6 percent respectively, while in the December quarter they jumped over 14 percent and 19 percent. And, they have gained 6 percent each so far this year.
