Portfolio Managers Return Gains Yet Again On Mid-Cap Rally

Portfolio managers with an exposure to mid caps gained for the third straight month as the gauge for such stocks continue to outperform the benchmark indices.India’s 60 biggest portfolio managers by assets—that collectively manage Rs 1.13 lakh crore, or nearly 84% of the industry’s total assets—tracked by BloombergQuint returned average gains of 5.3% in August compared with a 2.72% and 2.84% rise in Sensex and Nifty 50, respectively....