80% of SMID schemes outperform Nifty in June; PMS fund managers strike note of caution

Small & midcap funds outperformed Nifty50 in June 2024, with PMS managers advising caution due to stretched valuations. Top performers achieved 14-24% returns. Fund managers express confidence in stock selection. Small & midcaps have surged in the past year, outperforming largecaps. InCred Multicap portfolio delivered a 14% return.