As flows into mid- and small-cap thematic funds moderated and valuations remained rich, fund managers were cautious in these segments. Campus Activewear, VATech Wabag, and CMS Infosystems were some of the picks among smaller companies
I keep neutral to positive bias on the market and a lot of sectors are doing well. So, although index may be illusionary or it
US equity funds are undergoing reversion to the mean. Europe and Japan equity funds are attracting more inflows while the interest in emerging markets persists.
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