Why we badly need a Midcap & Smallcap Index Fund – Performance Comparison with Nifty Midcap 100 & Nifty Next 50

When I was trying to compile a list of mutual fund benchmarks after the SEBI recategorization, something strange caught my eye. Value Research had included the new benchmarks in the NAV growth charts. The Nifty 100 Midcap (N100M) is a popular midcap benchmark and I noticed many funds struggled to beat it over the long…

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