Smid cap underperformance likely to continue
Experts say that while benchmark indices like Sensex and Nifty are at all-time highs, small and midcap indices have underperformed due to expensive valuations. The BSE Midcap index has only risen by 1.3% and the BSE Smallcap has fallen 6.1% in 2025, while large cap benchmarks have risen by 9-10%.