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The small-cap universe outperformed large-caps, but failed to match the returns generated by mid-caps in August.
The Nifty Smallcap 100 Index rose 4.9 per cent. By comparison, the Nifty50 Index rose 3.5 per cent and the Nifty Midcap 100 soared 6.2 per cent. This was only the third calendar month in 2022 when the small-cap index has outperformed the large-cap-oriented Nifty50 Index.
Meanwhile, the small-cap index has outdone the mid-cap index only once this calendar year.
On a year-to-date basis, the Nifty Smallcap 100 Index is down 15 per cent, even as the Nifty Midcap 100 and the Nifty50 indices
