Forget inflation! Small-cap mutual funds failed to beat bank FD returns in 2025. Details here
India’s small-cap mutual fund category went through a sharp reality check in calendar year 2025, emerging as one of the clear underperformers among diversified equity categories. After years of strong gains, valuation excesses corrected meaningfully, triggering steep decline in 2025. The Nifty Smallcap 100 index declined 7% in 2025, reflecting the severity of the correction….