The share of Nifty 50 companies in the portfolio of individual investors has slipped to a 22-year low of 36.8% as of June 30, according to a report by the National Stock Exchange (NSE). This has been driven by consistent outperformance of the mid-cap and small-cap stocks and the consequent higher inflows that they have managed to attract after the Covid pandemic.

The benchmark Nifty has risen 122% in the last five years, which translates into an average annual return of around 24%. The major broader market indices, however, have soared 250-350% during the same period.

The bumper returns have drawn retail investors towards these stocks directly as well as through mutual funds.

6 richest Indians who have built their wealth in crores by investing in the stock market – Radhakishan Damani, Rekha Jhunjhunwala and Raamdeo Agrawal CDSL shares jump 6%, hit fresh 52-week high after 1:1 bonus share issuance Mutual Funds: Top 5 large cap funds with over 20% annua…