Is momentum money chasing smallcaps, putting investors at risk?
Mutual funds having exposure purely to small cap stocks have seen inflows of Rs 19,784 crore in six months ended July which is nearly double from the inflows seen in midcap funds at Rs 10,304 crore. In contrast, largecap funds have been at the receiving end of investors’ ire with outflows of Rs 3,974.10 crore.
