In March 2024, there was a noteworthy shift in small-cap funds as they experienced a net outflow for the first time in over two years, reflecting investor caution. This could be attributed to worries about elevated valuations or the potential for a broader market downturn. However, the tide turned in April, marked by a substantial net inflow, indicating a resurgence in investor trust in small-cap stocks.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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