Mid and small-cap stocks soar after aggresive mutual funds go on year-end shoppi

Did aggressive mutual fund buying play a big role in the rally in mid- and small-cap stocks? Brokers say fund managers mopped up beaten-down shares in the segment to drive up their schemes' performances before the end of the financial year on March 31. On Monday, the BSE Small-cap Index soared 3.4 per cent and the mid-cap index rose 1.9 per cent. The performance of mutual fund schemes and fund managers is judged on the basis of the net asset value (NAV) of the product as on March 31. The sharp ..

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