SBI Small Cap Fund has been like a yo-yo in recent years. After underperforming its peers in 2021, it rebounded big time in 2022 but only to come back to Earth in 2023. While the fund couldn't participate in the current rally, its extraordinary long-term performance provides significant comfort. We also get comfort from the fund's relatively true-to-label approach as reflected in the relatively lower portfolio market cap (of around Rs 11,000 crore). Reasons for underperformance SBI Small Cap Fund's exposure to Financials, Chemicals, Consumer discretionary and Servic
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