While the Nifty and Nifty Midcap 100 have gained around 6% in the last one year, Nifty Smallcap 100 has declined more than 14% during this period. The stocks in which mutual funds have raised their holdings have consistently given an average return of 8% in the past one year and 115% in the previous two years.
IndiGo profit falls on higher cost on older planes
The airline was forced to induct older planes due to grounding led by issues of Pratt & Whitney engines