Small-cap index up 13% YTD; do valuations warrant caution? Analysts explain The inflows into the small-cap mutual funds category have been net positive since April 2024, with July 2026 clocking the highest inflows during this period at ₹7,768 crore Listen to This Article The Nifty Smallcap 100 index has rallied 13 per cent so far in the calendar year 2026 amid sustained investor buying, strong earnings growth expectations and bets on India's underlying growth story.
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