Investors flock to small, mid-cap funds, lured by strong recent gains

This view is also supported by the healthy earnings seen across the mid- and small-cap space, Borthakhur said. “At the same time, large-caps have been relatively tepid, partly due to the slower performance of sectors such as BFSI (banking, financial services, and insurance) and IT, which has further shifted investor attention towards mid- and small-caps.”