What 20 years of market data reveals about large-, mid- and small-caps and why India's economic outlook matters

years of data show mid-and small-caps have consistently outperformed large-caps in strong market years.

In 2009, Nifty Midcap 150 surged 113.9% and Nifty Smallcap 250 climbed 117.4%, vs Nifty 100 gained 84.9%.

In 2024, Nifty Midcap 150 returned 24.5% and Nifty Smallcap 250 returned 27.2%, vs Nifty 100 returned 13%.

Large-caps provide better downside protection in weak years, declining less than mid-and small-caps.

Investors bullish on India's growth story should consider mid-and small-caps despite volatility.