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Mid and small-caps shined the brightest in 2024. They have registered returns of ~25-26% respectively in 2024, the highest among key global peers. This is after their ~11-12% correction from September to October of this year. Relatively large cap returns in 2024 have been modest (~10%), underperforming many of their global peers. In this article, we look at the likely reasons for the same and briefly discuss the outlook for 2025.
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