Fisdom’s Nirav Karkera explains the wide performance gap in mid

Midcap and smallcap mutual funds have delivered widely divergent returns this year, with some strategies outperforming decisively while others have struggled to keep pace with shifting market cycles. In an interview with CNBC-TV18, Nirav R. Karkera, Head of Research at Fisdom, broke down what is driving this dispersion and what investors should note when evaluating these categories.

Karkera began with the Invesco India Mid Cap Fund, which has delivered one-year returns of about 14%, significantly ahead of the midcap index. He said the fund first drew their attention last year because it stays “true to label.”

Unlike many midcap schemes that also add largecaps, this one remains strictly in the midcap space and follows a pure bottom-up stock-picking approach rather than theme- or sector-dr