Midcap and Smallcap investment ideas have in recent time’s outperformed large-cap ideas. This is especially true about Midcaps. Even at the index level, the NIFTY 50 has only delivered a CAGR of 8.35% against the NIFTYSMALLCAP which stood at 10.07% and NIFTYMIDCAP150 coming in at 11.78% from FY19 – FY23.