Funds pitch patience to investors betting on Indian midcaps

INSUBCONTINENT EXCLUSIVE:
from an economic slump will be slow, according to fund managers. The NSE Nifty Midcap 100 Index logged its biggest monthly gain in 10 months
in January, as the gauge rebounded after back-to-back annual declines fueled by a shift in investor preference toward safer stocks amid a
slowing economy
While the worst is now behind for mid caps, the segment will gain meaningful ground only when economic data adds to early signs of a growth
Vinit Sambre, head of equities at DSP Investment Managers Pvt., which oversees $7.5 billion in stocks, said in an interview in Mumbai. S-P
The central bank expects growth to rebound to 6 per cent in the year starting April, from an estimated 11-year low of 5 per cent this year
peers over a five-year period. A broad-based slowdown in consumer spending and a lingering credit crunch saw investors pile into a few of
second straight annual drop. BloombergThe divergence has spurred fund managers, including UTI Asset Management Co., to raise their exposure
to mid-sized companies
Retail investors have also begun loading up on them -- funds dedicated to mid caps in January lured a net 18 billion rupees, the most since
The valuation of the midcap gauge relative to the NSE Nifty 50 Index is now at the 10-year average