Small-cap & mid-cap funds biggest wealth creators

Small-cap and mid-cap mutual fund schemes were among the top performers across actively-managed equity funds in last one year. Though some of the top-performing funds in these categories struggled to beat their benchmarks during this period, these schemes continued to top the returns charts on a five year basis.

Some value-oriented funds also did well as the fund managers bet on public sector companies in segments like banks, railways, and defence. Large-cap funds, which need to invest at least 80% of their corpus in the top 100 stocks, trailed due to higher exposure to private banks and IT companies, which underperformed the broader markets.