Dhirendra, mid- and- small-cap funds are back in the news. Investors are starting to take notice of them. Do we see a revival happening here?
Dhirendra: We could be. A variety of things happened in 2019. If you look at the taxation regime, it became concessional for small and mid-sized companies before large-cap companies. And in September, we also got the big announcement that corporate tax rates are down to 22 per cent. This led to companies earning more even if they continue to do just as well, as they were doing before.
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