The bitter and sweet of mid- and small-cap recommendations

2023 has been pretty grim for our recommendations in the aggressive growth bucket. Among all the suggested equity categories, aggressive growth is one where all the recommended funds have underperformed their median peer. Putting performance in perspective Although 2023 didn't end on a positive note for aggressive growth funds, their performance displayed shades of grey. While funds like Axis and SBI underperformed, a few others missed an average peer, albeit by a small margin. Despite their underperformance, these funds still outperformed the broader market, delivering on their promise of providing aggressive growth. Further, the performance of these funds over extended periods has remained fairly consistent. Additionally, good fund management has helped them sail through market fluctuations in a fairly smooth manner. What has led to the underperformance? At a fund level, the reasons for underperformance differ. You can read a