Mid-caps make it to FII fav list
Frontline shares might be hogging the limelight with benchmark equity indices hitting new highs almost every other day. However, foreign funds — the main drivers of the recent rally — are also steadily adding mid-cap shares to their portfolio as seen from the block deals data on the Bombay Stock Exchange.
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Parting Thought:
- Stocks can't outperform businesses indefinitely. Indeed, because of the heavy transaction and investment management costs they bear, stockholders as a whole and over the long term must inevitably underperform the companies they own. If American business, in aggregate, earns about 12% on equity annually, investors must end up earning significantly less. Bull markets can obscure mathematical laws, but they cannot repeal them. - Warren Buffett
