Glamorous mid-caps: potential partner, not just a date
Enter the mid-cap segment, but with caution and a really long-term outlook
Picture this: during the calendar year 2014, till 13 June, the S&P BSE Sensex has risen 19%, the S&P BSE 500 is up 22% and the S&P BSE Mid Cap index has soared 33%. Since most retail (and high net worth individuals, too, I daresay) investors wait for a rally to invest, the temptation is high to rush into mid-cap stocks and mutual funds at this point in time. There are many stocks that have doubled in value and this is the season to impress others at cocktail parties by throwing stock names that do not exist in the others’ vocabulary.