MFs sound caution on ‘excessive’ valuations in mid & small-caps

The share of mid-cap and small-cap companies in India’s total market value reached a record high in May. Fund managers caution that the sharp rise in these shares may be excessive, citing excessive valuations in the segment. The share of mid-cap and small-cap companies in India’s total market value reached a record high in May. Fund managers caution that the sharp rise in these shares may be excessive, citing excessive valuations in the segment.  Economic Times