We are in FY24, and the article was about FY23. Were smallcases’ returns good in FY23? FY24 must have been good for them. Also, some smallcases must have been performing relatively better compared to others across all time periods but others may have failed to deliver in FY23, so the overall performance is small. And, some smallcases may not have participated in the sectors which were going up, due to their methodologies on which the smallcases are built. And if there is no dearth of funds, particularly from US, cash can be burnt for years.
I think, there isn’t any difference between MFs and smallcases when it comes to non-performing periods, discretion or quant, manual or automated, some periods are dull, as the overall market is not conducive, and if selling is happening, they go under.
Just some views, invested in smallcases before, not subscribed now.
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