Stay updated with breaking news from Nifty Microcap. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
These smallcap schemes could be at risk as they have lesser exposure to large stocks, cash and cash equivalents (including T-bills), and higher exposure to stocks from the Nifty Microcap 250 Index
The Nifty Microcap 250 index has surged over 100% in FY24, while during the same period, the Nifty50 index has gained 27%. It's noteworthy to know that 96 out of the 250 stocks in the microcap index have become multibaggers in FY24, and in fact, 192 stocks have outperformed the Nifty Microcap index during this time frame.
On Monday, Nifty's Midcap 100 index fell 2.5% - its biggest single-day fall since January 23, and the Small Cap 100 index slumped 4% - its biggest fall in a day since September 12 last year. The Nifty Microcap 250 declined 3.9%. The Sensex and Nifty shed 0.7-0.8% each Monday. On Friday, the small-cap and mid-cap indices fell between 2% and 3%.
Three index mutual funds based on the Nifty LargeMidcap 250, Nifty Smallcap 250, and Nifty Microcap 250 indices can help you build a simple portfolio of top 750 stocks with 0 overlap.
On the average these high dividend yielding shares have gained by 11.8 percent on year-to-date basis when Nifty 50 is up a mere 0.75 percent