Small and mid cap mutual fund schemes have taken a hit in the last one year. Both the categories have offered negative returns during the period - small cap mutual fund categories have offered -9.20 per cent and the mid cap category gave -4.62 per cent returns in the last one year. However, mutual fund managers and advisors believe that both these categories are poised to take off now; they point to the historical data to back their claim. Harsha Upadhyaya, head- equity, Kotak Mutual Fund, also said historical data surely shows that a sharp correction is always followed by a smart recovery.'It is not sure whether it will really happen this time, but data surely says it does,' said Harsha Upadhyaya. He was talking to participants at the 13th edition of the ET Wealth Investment Workshop held in Bengaluru. Upadhyaya talked about 'Sustainable wealth creation with active management' at the investment workshop held on June 14.


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