Infra, PSU, mid and smallcap MFs biggest gainers in Modi 2.0
Infrastructure, mid-cap, and smallcap mutual funds delivered high returns during Modi government's second tenure from May 2019 to June 2024, fueled by rising PSU stocks in segments like railways and defence.
, , mid-cap, and smallcap have delivered the highest returns for during the second tenure of the Modi government from May 2019 to June 2024.The rise in came as investors fancied stocks in some segments like and . After a long period of underperformance, the turned around, and with the doing well, turned reasonable.
The government also focused on , which improved investor sentiment towards . The presence of many mid-cap and in niche segments like infrastructure, chemicals, capital goods and consumer discretionary, which delivered higher profitability and earnings growth saw their stocks gain more than benchmark indices.
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Source: Stocks-Markets-Economic Times
