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The last few months have been brutal for Indian markets. Since the last peak of September 26, 2024, the Sensex dropped 11.3 per cent while mid caps (BSE 150 Midcap TRI) tumbled 17.8 per cent. However, small caps have suffered the maximum brunt, with the BSE 250 Smallcap TRI sinking 21.3 per cent, dragging many funds down with it.