Last one month has seen a bonanza of kinds in the Indian equity markets. There are 185 midcap stocks that have beaten the CNX Midcap performance for 2 weeks. There are 166 midcap stocks that have beaten the CNX Midcap performance for 1 month. There are 145 that have done well.
Though the rally seems to secular in nature, there are only a handful of midcap oriented funds that have beaten the CNX Midcap (as shown in the exihibit). For me, there are no midcap funds to convincingly invest in. However, I like IDFC Premier which has risen in line with CNX Midcap in the last month and has fallen least since the correction in equity markets starting Jan 2008.
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