Are mid-cap funds using the right benchmark indices?3 min read . Updated: 07 Mar 2017, 08:00 AM IST
There is need for a right and a truly reflective benchmark as lines get blurred in the absence of this clarity
One of the most counter-intuitive trades of last 2 years has been the outperformance of Nifty Free Float Midcap 100 index relative to the Nifty benchmark, despite subdued market performance. In financial year (FY) 2017, the Nifty mid-cap index has returned 20.28% versus 9.53% by Nifty50.
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