BusinessMidcap Growth Funds Gain Popularity Amid Market Correction
Midcap mutual funds have attracted significant investor interest following a recent equity market correction. According to AMFI data, midcap funds saw net inflows of Rs 6,940 crore in September, a 37% increase from the previous year. Analysts say the recent dip in midcap stocks makes them attractive for long-term capital appreciation. Notably, the Nippon India Growth Mid Cap Fund has delivered a 22% CAGR since 1995, turning Rs 1 lakh into Rs 4.3 crore.
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