Mid-caps dethrone large-caps as India's biggest SIP bucket
Fresh AMFI-Crisil data shows mid-cap funds have overtaken large-caps as India's largest SIP category, with small-cap, sectoral and multi-cap funds also picking up share. Performance tracks the rotation: Nifty Midcap 150 compounded about 17% annually over five years versus 9.1% for the Nifty 50. But the small-cap index now trades 22% above its five-year median P/E, a caution flag for late entrants.