According to a study by ICICI Direct on index declines in the past 12 years, the Nifty fell between 10% and 16% every year on nine occasions. This excludes the 38% drop in the index in 2020.In the case of mid-cap and small-cap stocks, they have fallen every year in the past 12. The declines in small-cap stocks have been sharper. In 2020, the index plunged 47%.Fund managers said modest and brief declines in mid-cap and small-cap stocks in recent times make them more vulnerable to steeper corrections. The Nifty Midcap 150 gained around 44% and Smallcap 100 rose 56% during 2023.

Source: Economic Times January 04, 2024 01:21 UTC