Over the past few years, equity funds have delivered handsome returns, riding on the uptick in the stock market. Mid- and small-cap funds have particularly benefited, delivering huge alpha—or outperformance— over the market. Midcap and small-cap funds have averaged 34.2% and 42% CAGR respectively over the past three years, compared to 17.7% by largecap funds.
India will be superpower by 2047, but not high-income economy: Martin Wolf
Read More