Midcap

Active mutual funds are expected to take different bets from their benchmarks. But mid-cap fund portfolios show a wide variation in benchmark overlap. Here's what this difference means for investors and whether taking more active bets translates into better returns.

While investing in mid-cap funds, are you worried about poor returns? However, avoiding declines can create another challenge if you miss the subsequent recovery. A 21-year analysis of the Nifty Midcap 150 highlights this trade-off.

Zensar Technologies share price opened at ₹430 apiece today, as compared to previous close of ₹425.25 on Friday last week. The IT stock surged as much as 13%, hitting an intraday high of ₹479.90 on 15 September.

Large-, mid- and small-cap indices are at different stages of recovery from their previous peaks. While Nifty Midcap 150 is almost back to its record high, Nifty 50 has a wider gap to close. A study highlights how past corrections have shaped recovery timelines.

The Nasdaq 100 emerged as the biggest long-term wealth creator over the last 20 years, with 21.3% returns. Among Indian equity benchmarks, the Nifty Midcap 150 TRI delivered the highest annualised return over the same period at 16.3%.

Stocks to buy: Axis Securities has recommended 15 stocks across largecap, midcap and smallcap segments for the month of July. The stock picks are Kotak Mahindra Bank, Bajaj Finance, Bharti Airtel, Avenue Supermarts, Chalet Hotels, Minda Corporation, Dalmia Bharat, among others.

Vedanta Aluminium is likely to qualify as a Large Cap stock under the AMFI categorisation, while Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel will fall under Small Cap category, according to estimates by Nuvama Alternative Research.

Nifty Midcap150 Momentum 50 Index includes 50 mid-cap stocks that have delivered the strongest momentum, thereby combining the growth potential of mid-caps with the momentum factor's ability to identify market leaders.