{"id":3279,"date":"2019-07-20T07:39:18","date_gmt":"2019-07-20T07:39:18","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=3279"},"modified":"2019-07-22T05:16:43","modified_gmt":"2019-07-22T05:16:43","slug":"small-cap-conundrum-what-to-do-next","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/small-cap-conundrum-what-to-do-next\/","title":{"rendered":"Small Cap conundrum &#8211;  what to do next?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d69198441db\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d69198441db\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/small-cap-conundrum-what-to-do-next\/#All_that_you_need_to_know_about_Mutual_Funds_this_week\" title=\"All that you need to know about Mutual Funds this week\">All that you need to know about Mutual Funds this week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/small-cap-conundrum-what-to-do-next\/#Index_Returns\" title=\"Index Returns\">Index Returns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/small-cap-conundrum-what-to-do-next\/#Top_5_best_performing_funds\" title=\"Top 5 best performing funds\">Top 5 best performing funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/small-cap-conundrum-what-to-do-next\/#Top_5_worst_performing_funds\" title=\"Top 5 worst performing funds\">Top 5 worst performing funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/small-cap-conundrum-what-to-do-next\/#What_investors_bought\" title=\"What\u00a0investors bought\">What\u00a0investors bought<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/small-cap-conundrum-what-to-do-next\/#What_investors_sold\" title=\"What investors sold\">What investors sold<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/small-cap-conundrum-what-to-do-next\/#Movers_Shakers\" title=\"Movers &amp; Shakers\">Movers &amp; Shakers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/kuvera.in\/blog\/small-cap-conundrum-what-to-do-next\/#Quote_of_the_week\" title=\"Quote of the week:\">Quote of the week:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/small-cap-conundrum-what-to-do-next\/#Feature_Showcase_Tax_Harvesting\" title=\"Feature Showcase:\u00a0Tax Harvesting\">Feature Showcase:\u00a0Tax Harvesting<\/a><\/li><\/ul><\/nav><\/div>\n<h5><span class=\"ez-toc-section\" id=\"All_that_you_need_to_know_about_Mutual_Funds_this_week\"><\/span>All that you need to know about Mutual Funds this week<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><strong>Small-cap and mid-cap underperformance continued this week.<\/strong> S&amp;P BSE SmallCap Index was down 3.38% this week compared to a decline of 1.41% in the Nifty 50 Index.\u00a0 The small cap underperformance is a global phenomenon and the recent equity returns have been driven by large-caps in almost all markets. In the US the S&amp;P SmallCap 600 Index has underperformed the S&amp;P 500 Index by ~18% over the last year.<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-3288 size-full\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/SP-SmallCap-Underperformance.png\" alt=\"\" width=\"778\" height=\"520\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/SP-SmallCap-Underperformance.png 778w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/SP-SmallCap-Underperformance-300x201.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/SP-SmallCap-Underperformance-768x513.png 768w\" sizes=\"(max-width: 778px) 100vw, 778px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>The small-cap underperformance in India has been slightly more extreme.\u00a0<\/strong>The S&amp;P BSE SmallCap Index has underperformed the SENSEX by ~20.5% over the last year. More aggressive small-cap portfolios have fared worse drawdowns of 30-40%. A more interesting phenomenon is also surfacing on social media &#8211; Portfolio Managers who claimed a lot of alpha due to process, stock selection and intelligence during the run-up in the small cap space are now running around looking for any and all external reasons on why their portfolio is underperforming. This indeed is a feature of the markets as well.<\/p>\n<blockquote><p><em><strong>The upside is always presented as skill, while downside needs to be looked through the lens of bad luck or external dominating factors.<\/strong><\/em><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><strong><img loading=\"lazy\" class=\"aligncenter size-full wp-image-3289\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/BSE-SmallCap-Underperformance.png\" alt=\"\" width=\"784\" height=\"506\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/BSE-SmallCap-Underperformance.png 784w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/BSE-SmallCap-Underperformance-300x194.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/BSE-SmallCap-Underperformance-768x496.png 768w\" sizes=\"(max-width: 784px) 100vw, 784px\" \/>\u00a0<\/strong><\/p>\n<p>Since 2017, we have stayed away from recommending small-cap or mid-cap funds in our\u00a0<a href=\"https:\/\/kuvera.in\/blog\/performance-recommended-portfolio-update\/\" target=\"_blank\" rel=\"noopener noreferrer\">ideal portfolio<\/a>. And even today, we are not convinced they deserve a place in your asset allocation.<\/p>\n<p><strong>So, what to do next?<\/strong>\u00a0It reminds us of this quote &#8211;<\/p>\n<blockquote><p><em><strong>The markets may be crazy, but that does not make you a psychiatrist.<\/strong><\/em><\/p>\n<p><strong>: Meir Statman<\/strong><\/p><\/blockquote>\n<p>The wrong thing to do now would be to stop investing or to sell your small-cap funds to buy the better performing large-cap funds. If your risk tolerance allows it, continue investing in small-cap via SIPs. Else, keep your small-cap investments as they are and make new investments in the large-cap space. Do not redeem unless you need money and this is the only source.\u00a0Do take a good hard look at your asset allocation and ensure that you have the right equity\/debt\u00a0mix based on your goals.<\/p>\n<p><span style=\"font-weight: 400;\"><strong>Nippon Life Insurance has received approval from the Competition Commission of India<\/strong> for the acquisition of up to 75% stake in <a href=\"https:\/\/kuvera.in\/explore\/amc\/reliance\" target=\"_blank\" rel=\"noopener noreferrer\">Reliance Nippon Asset Management<\/a>. Additionally, the Japanese insurer is set to acquire 100% stake in Reliance Capital Trustee Company and Reliance Capital AIF Trustee Company, both wholly-owned subsidiaries of Reliance Capital.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Index_Returns\"><\/span><strong>Index Returns<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<table style=\"height: 33px;\" width=\"552\">\n<tbody>\n<tr>\n<td width=\"145\"><strong>Index<\/strong><\/td>\n<td width=\"91\"><strong>Weekly open<\/strong><\/td>\n<td width=\"96\"><strong>Weekly close<\/strong><\/td>\n<td width=\"60\"><strong>Change<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"font-weight: 400;\">BSE Sensex<\/td>\n<td style=\"font-weight: 400;\">38,736.23<\/td>\n<td style=\"font-weight: 400;\">38,337.01<\/td>\n<td style=\"font-weight: 400;\">-1.03%<\/td>\n<\/tr>\n<tr>\n<td style=\"font-weight: 400;\">Nifty<\/td>\n<td style=\"font-weight: 400;\">11,582.90<\/td>\n<td style=\"font-weight: 400;\">11,419.25<\/td>\n<td style=\"font-weight: 400;\">-1.41%<\/td>\n<\/tr>\n<tr>\n<td style=\"font-weight: 400;\">S&amp;P BSE SmallCap<\/td>\n<td style=\"font-weight: 400;\">13,776.58<\/td>\n<td style=\"font-weight: 400;\">13,310.35<\/td>\n<td style=\"font-weight: 400;\">-3.38%<\/td>\n<\/tr>\n<tr>\n<td style=\"font-weight: 400;\">S&amp;P BSE MidCap<\/td>\n<td style=\"font-weight: 400;\">14,553.88<\/td>\n<td style=\"font-weight: 400;\">14,078.34<\/td>\n<td style=\"font-weight: 400;\">-3.27%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Source- BSE\/NSE<\/em><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Top_5_best_performing_funds\"><\/span><strong>Top 5 best performing funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<table style=\"height: 174px;\" width=\"559\">\n<tbody>\n<tr>\n<td width=\"249\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>Week<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"170\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/kotak-world-gold-growth--KO05GD-GR\"><b>Kotak World Gold<\/b><\/a><\/td>\n<td>7.0%<\/td>\n<td>-8.4%<\/td>\n<td>Fund of Funds<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/dsp-world-gold-growth--DS758-GR\"><b>DSP World Gold<\/b><\/a><\/td>\n<td>3.4%<\/td>\n<td>-7.0%<\/td>\n<td>Fund of Funds<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-technology-growth--8019-GR\"><b>IPRU Technology<\/b><\/a><\/td>\n<td>2.5%<\/td>\n<td>15.4%<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/franklin-india-technology-growth--413-GR\"><b>Franklin India Technology<\/b><\/a><\/td>\n<td>1.8%<\/td>\n<td>13.6%<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/franklin-asian-equity-growth--484-GR\"><b>Franklin Asian Equity<\/b><\/a><\/td>\n<td>1.7%<\/td>\n<td>10.6%<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Top_5_worst_performing_funds\"><\/span><strong>Top 5 worst performing funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<table style=\"height: 143px;\" width=\"554\">\n<tbody>\n<tr>\n<td width=\"249\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>Week<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"170\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/sundaram-small-cap-growth--SU72PD-GR\"><b>Sundaram Small Cap<\/b><\/a><\/td>\n<td>-5.3%<\/td>\n<td>1.3%<\/td>\n<td>Small<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/uti-transportation-logistics-growth--UTASD2-GR\"><b>UTI Transportation &amp; Logistics<\/b><\/a><\/td>\n<td>-4.4%<\/td>\n<td>-1.0%<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/idfc-sterling-value-growth--D215-GR\"><b>IDFC Sterling Value<\/b><\/a><\/td>\n<td>-4.1%<\/td>\n<td>10.9%<\/td>\n<td>Value<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/reliance-banking-growth--BFAG-GR\"><b>Reliance Banking<\/b><\/a><\/td>\n<td>-4.0%<\/td>\n<td>16.3%<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<tr>\n<td><b><a href=\"https:\/\/kuvera.in\/explore\/invesco-india-small-cap-growth--RGSCD1-GR\">Invesco India Small-Cap<\/a><\/b><\/td>\n<td>-3.9%<\/td>\n<td>NA<\/td>\n<td>Small<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"What_investors_bought\"><\/span><strong>What\u00a0<\/strong><strong>investors bought<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>We saw the most inflows in these 5 Funds \u2013<\/p>\n<table style=\"height: 117px;\" width=\"556\">\n<tbody>\n<tr>\n<td width=\"238\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>1Y<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"152\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-large-cap-growth--MAFIOD1-GR\"><b>Mirae Asset Large Cap<\/b><\/a><\/td>\n<td>10.4%<\/td>\n<td>14.7%<\/td>\n<td>Large Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/parag-parikh-long-term-equity-growth--PP001ZG-GR\"><b>Parag Parikh Long Term Equity<\/b><\/a><\/td>\n<td>2.9%<\/td>\n<td>13.5%<\/td>\n<td>Multi-Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/kotak-standard-multicap-growth--KO168D-GR\"><b>Kotak Standard Multicap<\/b><\/a><\/td>\n<td>7.1%<\/td>\n<td>13.6%<\/td>\n<td>Multi-Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/hdfc-small-cap-growth--HDACG1G-GR\"><b>HDFC Small Cap<\/b><\/a><\/td>\n<td>-3.7%<\/td>\n<td>14.0%<\/td>\n<td>Small<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-tax-saver-growth--MATSD1-GR\"><b>Mirae Asset Tax Saver<\/b><\/a><\/td>\n<td>12.2%<\/td>\n<td>18.7%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"What_investors_sold\"><\/span><strong>What investors sold<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>We saw the most outflows in these 5 Funds \u2013<\/p>\n<table style=\"height: 169px;\" width=\"553\">\n<tbody>\n<tr>\n<td width=\"238\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>1Y<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"152\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/franklin-india-equity-growth--418-GR\"><b>Franklin India Equity\u00a0<\/b><\/a><\/td>\n<td>1.3%<\/td>\n<td>7.7%<\/td>\n<td>Multi-Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-equity-hybrid-95-growth--BSAGZ-GR\"><b>ABSL Equity Hybrid 95<\/b><\/a><\/td>\n<td>2.3%<\/td>\n<td>8.3%<\/td>\n<td>Hybrid<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/franklin-india-smaller-companies-growth--478-GR\"><b>Franklin Smaller Companies<\/b><\/a><\/td>\n<td>-7.3%<\/td>\n<td>13.3%<\/td>\n<td>Small<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/sundaram-large-mid-cap-growth--SUEMGPD-GR\"><b>Sundaram Large &amp; Mid Cap<\/b><\/a><\/td>\n<td>4.5%<\/td>\n<td>13.5%<\/td>\n<td>Large &amp; Mid Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-value-discovery-growth--8176-GR\"><b>IPRU Value Discovery<\/b><\/a><\/td>\n<td>1.4%<\/td>\n<td>6.6%<\/td>\n<td>Value<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Movers_Shakers\"><\/span><b>Movers &amp; Shakers<\/b><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><strong>1\/<\/strong><span style=\"font-weight: 400;\"><a href=\"https:\/\/kuvera.in\/explore\/amc\/yes\" target=\"_blank\" rel=\"noopener noreferrer\"><strong> YES Mutual Fund<\/strong><\/a> has announced that Amit Deshmukh has been designated as Chief Financial Officer (CFO) for YES Asset Management.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>2\/ <a href=\"https:\/\/kuvera.in\/explore\/amc\/idfc\" target=\"_blank\" rel=\"noopener noreferrer\">IDFC Mutual Fund<\/a><\/strong> has appointed Pradeep Kumar and Jaimini Bhagwati as Independent Directors on the board of IDFC AMC Trustee Company.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>3\/ <a href=\"https:\/\/kuvera.in\/explore\/amc\/mirae\" target=\"_blank\" rel=\"noopener noreferrer\">Mirae Asset Mutual Fund<\/a><\/strong> has announced that Puneet Bhatia ceased to be the Head \u2013 Real Estate and Key Personnel of the AMC Trustee Company.\u00a0<\/span><\/p>\n<p>4\/ <span style=\"font-weight: 400;\">Reports suggest that Sachin Bansal, the former co-Founder of Flipkart, is in talks with Essel Finance for acquiring <strong><a href=\"https:\/\/kuvera.in\/explore\/amc\/essel\" target=\"_blank\" rel=\"noopener noreferrer\">Essel Mutual Fund<\/a><\/strong>.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Quote_of_the_week\"><\/span><strong>Quote of the week:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<blockquote><p><strong>\u091c\u093f\u0924\u0928\u093e \u0915\u092e \u0938\u093e\u092e\u093e\u0928 \u0930\u0939\u0947\u0917\u093e \u0909\u0924\u0928\u093e \u0938\u092b\u093c\u0930 \u0906\u0938\u093e\u0928 \u0930\u0939\u0947\u0917\u093e <\/strong><br \/>\n<strong>\u091c\u093f\u0924\u0928\u0940 \u092d\u093e\u0930\u0940 \u0917\u0920\u0930\u0940 \u0939\u094b\u0917\u0940 \u0909\u0924\u0928\u093e \u0924\u0942 \u0939\u0948\u0930\u093e\u0928 \u0930\u0939\u0947\u0917\u093e <\/strong><\/p>\n<p><strong>: \u0917\u094b\u092a\u093e\u0932\u0926\u093e\u0938 \u0928\u0940\u0930\u091c<\/strong><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-3049\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5.png\" alt=\"\" width=\"1355\" height=\"703\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5.png 1355w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5-300x156.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5-768x398.png 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5-1024x531.png 1024w\" sizes=\"(max-width: 1355px) 100vw, 1355px\" \/><\/p>\n<h5 class=\"null\"><span class=\"ez-toc-section\" id=\"Feature_Showcase_Tax_Harvesting\"><\/span><span style=\"color: #000000;\"><strong>Feature Showcase:\u00a0Tax Harvesting<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><a href=\"https:\/\/blog.kuvera.in\/save-up-to-%e2%82%b910000-in-ltcg-taxes-with-tax-harvesting\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Tax Harvesting<\/strong><\/a>\u00a0is a technique that utilises the \u20b91 Lakh annual LTCG exemption by selling and buying back part of your investment such that you \u201crealise\u201d gains and not pay taxes on them.\u00a0At a 10% LTCG tax rate, you could save up to Rs 10,000 in LTCG taxes every year by doing this diligently.<\/p>\n<p>Do not wait for February \/ March to harvest taxes. Do it as early in the financial year as possible &#8211;\u00a0<em><strong>you may not have gains later to harvest!<\/strong><\/em><\/p>\n<p>Like all our features, Tax Harvesting optimizes on your entire portfolio &#8211; bought on Kuvera or\u00a0<a href=\"https:\/\/blog.kuvera.in\/automatic-tracking-of-your-external-transactions\/\" target=\"_blank\" rel=\"noopener noreferrer\">imported<\/a>\u00a0from elsewhere.<\/p>\n<p><strong><a href=\"https:\/\/kuvera.in\/feature\/tax-harvesting\" target=\"_blank\" rel=\"noopener noreferrer\">Start harvesting<\/a>\u00a0today.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit\u00a0<a href=\"https:\/\/www.kuvera.in\/\"><strong>kuvera.in<\/strong><\/a>\u00a0to discover\u00a0<a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>#MutualFundSahiHai, #KuveraSabseSahiHai!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All that you need to know about Mutual Funds this week Small-cap and mid-cap underperformance continued this week. S&amp;P BSE SmallCap Index was down 3.38% this week compared to a decline of 1.41% in the Nifty 50 Index.\u00a0 The small cap underperformance is a global phenomenon and the recent equity returns have been driven by [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/small-cap-conundrum-what-to-do-next\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":3297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[173],"tags":[209,83,36,225,11,66,212,249,229,213],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small Cap conundrum - what to do next? - Kuvera smallcap<\/title>\n<meta name=\"description\" content=\"Small Caps are down 30-40% from peak and have underperformed large cap by ~20% in the last one year alone. 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