“Over a long period like 15-20 years, the Nifty MidCap 100 has delivered an average 4% premium over and above the Nifty50 for any one-year holding period.
Currently, in June 2019, we can see that for the last one year the Nifty MidCap 100 has delivered, -16% as compared to Nifty50.
So what’s with the pendulum? Imagine a pendulum swinging, where the midpoint is +4 and currently the pendulum is at a position of -16, what would you expect the pendulum to do? Maybe swing further away a little bit? But eventually? Well, either the Nifty50 corrects downwards or the Nifty MidCap 100 corrects upward, the key is that both will be called “correction””, said Aashish Somaiyaa, CEO, Motilal Oswal AMC